August 19th, according to documents disclosed by the Securities and Exchange Commission (SEC) on August 18th$Tectonic Financial Inc (TECTP.US)$Executive Cain Darrell added 2000 preferred shares worth about $20300 at an average price of $10.147 per share on Aug. 18.
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.