Reported on May 16pokerbutton, according to documents disclosed by the U.S. Securities and Exchange Commission (SEC) on May 15pokerbutton,$Visa (Vpokerbutton.US)$Fabara Paul D was sold at an average price per share of 277 on May 15pokerbuttonSold 25,300 common shares for $.15, with a value of approximately $7.01 million.
Photo source: SEC official website
What is a shareholding change statement?
The SEC requires insiders of listed companies to publicly disclose their securities transactions and shareholdings. When an insider's shareholding changes, depending on different circumstances, a shareholding change statement needs to be submitted to the SEC within a certain period of time after the transaction ends.
Insiders include company directors and executives, as well as any shareholder who owns 10% or more of the company's outstanding shares.