Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | HCP | Class A Common Stock | Sale | -$38.9K | -1.87K | -4.73% | $20.79 | 37.7K | Oct 20, 2023 | Direct | F1 |
holding | HCP | Class A Common Stock | 1.67M | Oct 20, 2023 | See footnote | F2 | |||||
holding | HCP | Class A Common Stock | 90.4K | Oct 20, 2023 | See footnote | F3 | |||||
holding | HCP | Class A Common Stock | 282K | Oct 20, 2023 | See footnote | F4 |
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 | The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on July 21, 2023. |
F2 | The shares are held of record by the Armon Dadgar 2020 Charitable Trust. |
F3 | The shares are held of record by Black Swan III, LLC which the reporting person controls. |
F4 | The shares are held of record by the Armon Memaran-Dadgar Living Trust for which the reporting person serves as trustee. |