We have been over this a number of times and here is my understanding on how it works. Montena is a partnership in Switzerland that owns various companies and sold one of them for stock in Maxwell quite a few years back. Over many years, they have sold portions of their MXWL stock to make required distributions to the partners and are motivated by the need to make said distributions and not by the ups and downs of the potential in MXWL at the time of sale. This could just be "spin" by IR but this was what I was told six or seven years ago.
Maxwell Technologies Inc (MXWL): Franz Fink , CEO of Maxwell Technologies Inc purchased 150,000 shares on Aug 3, 2015. The Insider buying transaction was disclosed on Aug 4, 2015 to the Securities and Exchange Commission. The shares were purchased at $4.48 per share for a total value of $672,000.00.
Maxwell Technologies Inc. (NASDAQ:MXWL), a leading producer of energy storage and power delivery solutions, announced today that it has obtained a three-year, $25 millionrevolving credit facility for working capital purposes, from East West Bank.