MAYFIELD XIV A limited partnership liberated from the Cayman Islands10% owner at Hashi Corp HCPreported a large insider sale on May 25, according to a new filing with the SEC.
What happened: A Form 4 filing from the US Securities and Exchange Commission on Thursday showed that PARTNERSHIP sold 27,051 shares of Hashi Corp. The total transaction was $905,597.
Hashi Corp At the time of writing on Friday morning, shares are trading up 3.67% at $33.94.
Why Insider Transactions Matter
Insider trading should not be the primary consideration in making an investment decision, but it can be an important factor for an investor to consider.
In legal terms, an “insider” is any shareholder who owns at least 10% of a company. This can include senior executives and large hedge funds. These insiders are required to notify the public of their transactions on Form 4, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, it’s an indication that they expect the stock to go up.
Insider selling, on the other hand, can happen for a variety of reasons and doesn’t necessarily mean that the seller believes the stock will go down.
Transaction codes to focus on
investors Rather, focus on transactions that occur in the open market as identified in Table I of the Form 4 filing. A P in field 3 indicates a purchase while S indicates a sale. transaction code C specifies the conversion of an option and the transaction code A points out that the insider may have been forced to sell shares to receive compensation promised to him by the company when he was hired.
Check out HashiCorp’s full list of insider trades.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
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