Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | WEAV | Common Stock | Sale | -$70.9K | -6.98K | -1.18% | $10.16 | 587K | Aug 11, 2023 | Direct | F1 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
Id | Content |
---|---|
F1 | Sale effected pursuant to a Rule 10b5-1 sales plan, adopted by the Reporting Person on May 9, 2023. |
With the filing of this amendment the Reporting Person amends his Form 4 filed on August 15, 2023 to clarify that the sale was effected pursuant to a 10b5-1 sales plan.