It was reported on February 6 that according to documents disclosed by the US Securities and Exchange Commission (SEC) on February 5,$Interactive Brokers (IBKR.US)$Frank Thomas AJ sold 84,500 shares of common stock at an average price of $93.77 per share on February 1 and 2, worth approximately US$7.921,100.
Image source: SEC's official website
What is a statement of change in shareholding?
The SEC requires insiders in listed companies to publicly disclose their securities transactions and shareholding. When an insider's shareholding changes, depending on the circumstances, a shareholding change statement must be submitted to the SEC within a certain period of time after the transaction ends.
Insiders include the company's directors and executives, and any shareholder holding 10% or more of the company's tradable shares.