Frederick B. Ludy, Director Serve immediately (NYSE: NOW), according to a new document from the US Securities and Exchange Commission, the company conducted large-scale insider trading on September 7.
what happened: The Form 4 document filed by the US Securities and Exchange Commission on Tuesday showed that Luddy sold 16,500 shares Serve immediately The price per share is $668.8. The total transaction volume is US$10,997,269.
Luddy still has a total of 42,407 Serve immediately The value is US$27,598,899.
Serve immediately After the market closed on Thursday, the stock price fell to $650.81.
Why insider trading is important
Insider trading should not be used primarily to make investment decisions, however, they may be an important factor for investors to consider.
In law, an “insider” refers to any shareholder who owns at least 10% of the company’s shares. This may include top management and executives of large hedge funds. These insiders must let the public know about their transactions through a Form 4 filing, which must be submitted within two working days after the transaction.
When a company insider makes a new purchase, it shows that they expect the stock to rise.
On the other hand, insider selling may be for a variety of reasons and does not necessarily mean that the seller believes that the stock will fall.
Transaction code that needs attention
Investors prefer to pay attention to transactions that occur on the open market, as shown in Table I of the Form 4 document.A sort of phosphorus Box 3 represents a purchase, and Second Represents sales.trasaction code C Represents option conversion, transaction code A sort of Indicates that insiders may be forced to sell stocks to obtain compensation promised when they were hired by the company.
View the complete list of Servicenow insider trading.
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