Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | SPIR | Class A Common Stock | Sale | -$28.2K | -6.04K | -4.99% | $4.67 | 115K | Nov 21, 2023 | Direct | F1, F2 |
holding | SPIR | Class A Common Stock | 85 | Nov 21, 2023 | By self as UTMA custodian for daughter | F2 |
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 shares were sold to cover taxes associated with the settlement of stock units, pursuant to an automatic sale-to-cover instruction in the applicable award agreement, which award agreements intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) were dated November 1, 2022 and April 14, 2023. |
F2 | The number of shares beneficially owned reflects adjustments for the Company's 1-for-8 reverse stock split that was effected on August 31, 2023. |