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 U.S. homeowners looking to re-finance their mortgages with historically low interest rates.
If and when the share price does falter, it is possible Hobson is pushed out. The fit of an early stage venture investor with little remaining ownership as Chairman remains questionable at best.
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One thought on “Insider Trading – $REAL, $RIW, $STC, $GC, $TC – August 12, 2020 Review”
Make your picks public already.