According to documents disclosed by the Securities and Exchange Commission (SEC) on June 5th,$TC Bancshares (TCBC.US)$Director Rumble Fortson added 3463 common shares, valued at approximately $50, 000, at an average price of $14.4255 per share on June 5.
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.