As for options:
ATRS just made 150K from the insiders buying their shares at 0.5 (option exercise is buying shares)
Insiders just made 1.2MM from selling their shares at 4.
Float just increased by 300K "thanks" to insiders selling their shares .
As for insider can't buy:
All CEO's and officer who buy on open market have a non-public information.
Please read CES rules about the time frame they can't buy.
show me a company with no insider sales....
posters that do not like these sales, and bash mgmt for it, then you should just sell and move on....i have said before but no one cares about you ( me i cluded ) retailers....
i fully suspect institutions are aware of these insiders' sales or intent of sales, time to time.
no doubt we will see some selling thurs morning .... just because there are always some people who will use this as a reason to get out. in few weeks, this won't matter..
The insider OPTION buying and selling of shares was all pre-arranged. Not spontaneous "knee-jerk" buys/sells.
You missed a key word - insiders cannot buy stock on the open market if they possess MATERIAL non-public information. There are rules (timing) that go along with the protocol, yes. The point is if insiders are NOT buying on the open market it's because they possess material non-public information AND they're beyond the legal parameters/timing that allow for buying more shares on the open market.
a lot of posts back and forth re: insider sells.
imo, it's not anything I see as detrimental or unusual. why would they not sell those dirt cheap options - now multiple times higher at $4.01 - just above last fall's financing round? I would, if I were them, and it wouldn't have anything to do w/ lack of confidence re: future or a signal that $4 is a "top" for this company. These things happen often w/ public companies. I suspect this will NOT be the last time we see it, even if we all think this could be a $20 company in 5 years.
my personal experience was w/ a public company, not in bio-tech, but I was a corporate officer w/ public company for more than a decade and I've done what ATRS insiders are doing, and done so w/ no regard to future of the company. I did it to cash out when opportunities presented themselves.
ATRS CEO and management are quite disciplined souls, in my view, and they have every right to sell their options at milestones such as $4 level, and at future, higher prices to come.
What's wrong with what they are doing? other than #$%$ off few indiv traders? just foolish for some to attack management for these type of activities that only make sense for any HUMAN BEINGS looking to manage their portfolio.