August 24th, according to documents disclosed by the Securities and Exchange Commission (SEC) on August 23rd$POWR SOLUTN INTL (PSIX.US)$Shareholder Winemaster Gary S sold 10200 common shares at an average price of $3 per share on Aug. 16 and 18, valued at about $30600.
What is the statement of shareholding change?
SEC requires insiders of listed companies to publicly disclose their securities trading and shareholdings. When the insider's shareholding changes, it is necessary to submit a shareholding change statement 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.