It was reported on June 27 that according to documents disclosed by the US Securities and Exchange Commission (SEC) on June 26,$Babylon Holdings (BBLN.US)$Shareholder VNV (Cyprus) Ltd sold 248,600 common shares at an average price of $0.61 per share on June 22 and 23, with a value of approximately US$151,600.
This transaction involves another related party: VNV Global AB (publ).
What is a statement of change in shareholding?
The SEC requires insiders of listed companies to publicly disclose their securities transactions and shareholding. When an insider's shareholding changes, depending on different circumstances, it is necessary to submit a statement of change in shareholding to the SEC within a certain period of time after the transaction is completed.
Insiders include the company's directors and executives, as well as any shareholder who owns 10% or more of the company's tradable shares.
