Real Matters Inc T.REAL

Insider Buying

[deleuze68]

Director William Holland purchased 150,000 shares yesterday

[VueConnect]

He had previously sold 270,000 in August. Easy to trade with insider knowledge. Filed 2020-08-06 09:48 Tx date 2020-08-05 $REAL Real Matters Inc. Holland, William Thomas 4 - Director of Issuer Holder: Eastwood Capital Corp. (Indirect Ownership) Common Shares 10 - Acquisition or disposition in the public market

[sunshine7]

Thank you for bringing this to our attention. Still supportive as if it is a good trade for an insider, then it should be for everyone else.

[VueConnect]

Interesting response. An insider sold at $32.00 when estimates from brokerages were being given at $35.00 - $40.00. A timely purchase indeed, a smart guy. Sadness for any bagholders at $30.00 from August.

[sunshine7]

I noticed that Jason Smith was quite the active seller over the past 6 months. Seems he was checking out well prior to his re-assignment.

[TheWolfOfWLU]

https://www.realmatters.com/news/news/2020/Real-Matters-CEO-Establishes-Automatic-Securities-Disposition-Plan-and-Announces-Intention-to-Complete-Donation-Pledges-to-Holland-Bloorview-and-Sunnybrook-Hospital/default.aspx 

[sunshine7]

thanks. That's reassuring. My guess is that the change in leadership is more about business continuity than a performance issue.

[TheWolfOfWLU]

I agree. And it's not uncommon to see leadership change before a period of particularily rapid growth, which is what their plan is for the next 5 years based on their investor day presentation. Lots of M&A in the cards. Nice to see that the past CEO will be staying actively involved for the foreseeable future too. 

[retiredcf]

William T. Holland, a Director, acquired 150,000 Common Shares on a direct ownership basis at prices ranging from $19.300 to $19.400 on November 24th, 2020. This represents a $2,905,000 investment into the company's shares and an account share holdings change of greater than 100%.