The last two weeks have seen an uncharacteristically high amount of management selling. Vecima quietly exited from its AirIQ fleet management holdings, and some other surprising selling (and a little buying) from some high flying stocks. AcuityAds ($AT.TO) director Igal Mayer exercised 25,000 options set to expire but chose not to sell the resulting shares despite the possibility of the shares netting him $35,000+. There does not appear to be any minimum share requirements for board members
$RIW
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With calendar Q2 blackout periods coming to an end, insider trading is starting to pick again with insiders. We saw three positive insider disclosures, one neutral to negative move and one negative move. Real Matters ($REAL.TO) Chairman Blaine Hobson sold 29% of his $REAL.TO shares at around $30 per share and exercised about 5% of his call options ($2.28 exercise price and Nov. 5, 2020 exercise date). The sale of his shares and exercise of options generated over $3.5 million for himself. Hobson now owns about 0.3% of $REAL.TO. The selling was off the back of a relatively strong quarter driven by […]