On August 24, it was reported that according to documents disclosed by the US Securities and Exchange Commission (SEC) on August 23,$BLUE DOLPHIN ENERGY CO (BDCO.US)$President and CEO CARROLL JONATHAN P increased his holdings of common stock by 25,000 shares at an average price of $3.905 per share on August 21, 22, and 23, worth approximately $976 million.
What is a statement of change in shareholding?
The SEC requires insiders of listed companies to publicly disclose their securities transactions and shareholding. When an insider's shareholding changes, depending on different circumstances, it is necessary to submit a statement of change in shareholding to the SEC within a certain period of time after the transaction is completed.
Insiders include the company's directors and executives, as well as any shareholder who owns 10% or more of the company's tradable shares.