$BBBY Ryan Cohen sold all his shares & calls... BUT:
There is a rule for transactions of 10%+ shareholders, which states that "any profit realized by the insider as a result of the two transactions (i.e., as a result of the “short-swing trade”) must be disgorged to the issuer
There is a rule for transactions of 10%+ shareholders, which states that "any profit realized by the insider as a result of the two transactions (i.e., as a result of the “short-swing trade”) must be disgorged to the issuer
Does this mean that Bed, Bath & Beyond will get the profits from Ryan Cohens share purchases?
The profit on his shares is $58,676,002.03
$BBBY #BBBY
The profit on his shares is $58,676,002.03
$BBBY #BBBY
Source on rule of securities transactions by 10%+ shareholders:
investmentfundlawblog.com/resources/inve…
investmentfundlawblog.com/resources/inve…
Apparently the Section 16 of the 1934 Act rule does not apply here:
https://twitter.com/thatgirltrader/status/1560371122193010688?s=20&t=R1ms8iKSGk5jwiwPKEA88A
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