Insider Transactions - SeptemberI noticed that in September boardmembers Todd Patrick and Anthony Holler gifted 600K and 200K shares respectively. That is an enormous amount of money ( $3MM / $1MM) and represents a sizeable portion of their holdings. Are the nature of these transactions public? Ie. the entity the shares was gifted to?
The reason I am wondering is if this was done for tax purposes - did they gift into a trust or some entity whereby gains will be sheltered from taxes? Does this foreshadow some sort of material transaction ie. a buyout, transformational acquisition, etc that would result in a big bump to the share price and they are doing some tax planning accordingly?
All speculation of course but it's certainly interesting.