U.S. Markets closed
  • S&P 500

    4,088.85
    +80.84 (+2.02%)
     
  • Dow 30

    32,654.59
    +431.17 (+1.34%)
     
  • Nasdaq

    11,984.52
    +321.73 (+2.76%)
     
  • Russell 2000

    1,840.30
    +56.87 (+3.19%)
     
  • Crude Oil

    113.81
    +1.41 (+1.25%)
     
  • Gold

    1,812.50
    -6.40 (-0.35%)
     
  • Silver

    21.64
    -0.11 (-0.51%)
     
  • EUR/USD

    1.0552
    +0.0113 (+1.0868%)
     
  • 10-Yr Bond

    2.9680
    +0.0910 (+3.16%)
     
  • Vix

    26.10
    -1.37 (-4.99%)
     
  • GBP/USD

    1.2492
    +0.0168 (+1.3641%)
     
  • USD/JPY

    129.3740
    +0.3210 (+0.2487%)
     
  • BTC-USD

    30,447.55
    +295.58 (+0.98%)
     
  • CMC Crypto 200

    677.94
    +435.26 (+179.36%)
     
  • FTSE 100

    7,518.35
    +53.55 (+0.72%)
     
  • Nikkei 225

    26,659.75
    +112.70 (+0.42%)
     

Zentalis Pharmaceuticals Insider Trades $1.7M In Company Stock

  • Oops!
    Something went wrong.
    Please try again later.
·2 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Anthony Y Sun, President And CEO at Zentalis Pharmaceuticals (NASDAQ:ZNTL), made a large insider sell on November 2, according to a new SEC filing.

What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Tuesday showed that Sun sold 20,942 shares of Zentalis Pharmaceuticals at prices ranging from $79.40 to $83.19. The total transaction amounted to $1,695,374.

Following the transaction, Sun still owns 1,478,251 shares of the company, worth $117,535,737.

Zentalis Pharmaceuticals shares are trading down 1.72% at $79.51 at the time of this writing on Wednesday morning.

Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.

Why Insider Transactions Are Important

Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision.

In legal terms, an "insider" refers to any shareholder who owns at least 10% of a company. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.

When a company insider makes a new purchase, that is an indication that they expect the stock to rise.

Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down.

Important Transaction Codes

Investors prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.

Check Out The Full List Of Zentalis Pharmaceuticals's Insider Trades.

See more from Benzinga

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.