It was reported on September 29 that according to the documents disclosed by the US Securities and Exchange Commission (SEC) on September 28,$Loop Media (LPTV.US)$Director Cassidy Bruce A. Sr. increased her holdings by 460,000 shares at an average price of $5 per share on September 26, worth about $2.3 million.
What is a statement of change in shareholding?
When a company insider's shareholding changes, depending on the circumstances, it is necessary to submit a shareholding change statement to the SEC within a certain period of time after the transaction ends.
Insiders include the company's directors and executives, as well as any shareholder who owns 10% or more of the company's tradable shares.
Why is a statement of changes in shareholding important?
The shareholding change statement discloses the transactions and shareholding of directors, senior employees, and beneficiaries of listed companies. Investors can make investment decisions based on their actions.