June 15, according to documents disclosed by the Securities and Exchange Commission (SEC) on June 14th$Generations Bancorp (GBNY.US)$Director Nicchi Frank increased his stake in 363 common shares at an average price of $9.0347 per share on June 13, valued at approximately $3279.6.
For details of the derivatives transactions of the discloser, please refer to the table.
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.