September 23rd, according to documents disclosed by the Securities and Exchange Commission (SEC) on September 22nd$百济神州 (BGNE.US)$CEO OYLER JOHN sold 50, 000 shares, worth about $7.6066 million, at an average price of $152.13 a share on Sept. 20 and 21.
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.