According to documents disclosed by the Securities and Exchange Commission (SEC) on September 20th,$Nexalin Technology (NXL.US)$Director Kazden Alan added 2500 shares at an average price of $4.15 per share on Sept. 16, valued at about $10400.
Photo Source: SEC official website
What is the statement of shareholding change?
When the shareholding of insiders of the company changes, according to different circumstances, a statement of shareholding change needs to be submitted to SEC within a certain period of time after the end of the transaction.
Insiders include directors and executives of the company, as well as any shareholders who own 10% or more of the company's outstanding shares.
Why is the statement of shareholding change important?
The shareholding change statement reveals the transactions and shareholdings of directors, officers and beneficiaries of listed companies, and investors can make investment decisions according to their actions.