It was reported on July 22 that according to documents disclosed by the US Securities and Exchange Commission (SEC) on July 21,$Viewray (VRAY.US)$CEO Ziegler Paul Jr sold 169,800 common shares worth approximately $12,200 on July 19 at an average price of $0.072 per share.
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.