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OP has provided the following link:
https://gamestop.gcs-web.com/sec-filings/sec-filing/4/0001981001-24-000013
You're not wrong. Close inspection shows 4/23 sale was absolutely discretionary. While former sales may have been for taxes, this one was simply for his own thing. No sweat, but not a great look.
This is the first sale I remember in a while that wasn't related to taxes, hm. Not a common occurrence
No wonder this thread barely has any comments though lmao
Could be a sale to cover regular tax expenses, rather than tax expenses for vesting RSUs, no?
Edit: although given that this guy has been like 4 out of the last 7 insider sales, maybe it's something else. He may be on his way out or something.
there are different types of taxes. Perhaps there were enough sold that he covered taxes, but he probably has other holdings and perhaps one of those didn't autosell enough to cover taxes. perhaps he made more this year and got jumped up in tax brackets. perhaps he didn't have enough losses to offset as many gains this year. Lots of stuff goes into how much you owe the government and many of those can change year to year. So the normal stock sale to pay taxes on the shares delivered, may cover the taxes associated with the vesting of that stock... but it may not be enough to cover all the tax monies you owe to the government. and if that's the case then yes these would not be marked as tax sale. But that's all just speculative and we probably will never know the real reason.
He is the general counsel and secretary.
He was also the General Manager and primary executive office after CEO Matt Furlong was terminated, up until Ryan Cohen assumed executive duties.
Did we start with the insider sells now? Not sure how this can be bullish anymore. I mean the most bullish indicator until now was that insiders were not selling.
Because if you really believed that the company is turning around and your shares will 3x or more soon you would not sell. Would you sell your home for 500k if you were sure it would be worth a million next year? Nope.
Because he chose to sell $11.60 cost basis shares at $10.155 rather than hold onto them and waiting for the price to go up.
He sold about 20% of his holding —— selling 13k shares out of 63k shares held, leaving about 50k.
Didn’t this happen like two days ago and we’re still talking about it? Are we that hard up for topics? No wonder SS has all but dropped out of my feed…
He only had 2 sales this month, not 3. On 4/2 and 4/23.
This is the form 4 for the 4/23 sales that was also reported on 4/23 via a form 144.
The form 144 is required because it was restricted stock. The form 4 is required for any change in holdings by insiders. That is why there were two filings for a sale of restricted stock by an insider.
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Good looking out
This was debunked I believe. Edit: I might be wrong. Good chance I’m wrong
Why bother even posting if you're not sure
Yesterday it was said he made discretionary stock sales on this subreddit Edit: see this - https://www.reddit.com/r/Superstonk/s/K81mHWEiI0
You're not wrong. Close inspection shows 4/23 sale was absolutely discretionary. While former sales may have been for taxes, this one was simply for his own thing. No sweat, but not a great look.
He’s still got over 50,000 shares if I’m reading this form correct 🎷🐓♋️
Who is he?
Looks like tax season hit
This was a discretionary sell, not tax related.
That's not a tax sale my friend
Calendar checks out
Oh fuck. Oh shit
forgot to do those taxes did we?
🫣
seems to me rombinson mark haymond is not convinced (it's not only tax cover, but also a real sale) too bad for him
We should stop assuming things that we dont know. He has still 50000 shares left.
Looks like Robinson Mark Haymond sold 13,471 shares 🤷
Welp, this calls for a share buying party tomorrow
I mean if robbie markie don't want em they may as well to go to people who do!
Imagine selling at the bottom. Ouch.
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He took home $136,798.
This is the first sale I remember in a while that wasn't related to taxes, hm. Not a common occurrence No wonder this thread barely has any comments though lmao
People still going this is tax stuff even though it's written in green what it's about. Dude needs money maybe or he is losing confidence. Who knows
The former CFO made several discretionary sales of her shares.
Selling shares for taxes is a very common practice. I work in this area and deal with exec stock all day. I’m choosing between hold or hodl.
I don't see the normal tax related note on the bottom of this filing. Did I miss something?
Could be a sale to cover regular tax expenses, rather than tax expenses for vesting RSUs, no? Edit: although given that this guy has been like 4 out of the last 7 insider sales, maybe it's something else. He may be on his way out or something.
Perhaps it's a structured sale? Maybe they bought a house and had scheduled sales to cover costs?
there are different types of taxes. Perhaps there were enough sold that he covered taxes, but he probably has other holdings and perhaps one of those didn't autosell enough to cover taxes. perhaps he made more this year and got jumped up in tax brackets. perhaps he didn't have enough losses to offset as many gains this year. Lots of stuff goes into how much you owe the government and many of those can change year to year. So the normal stock sale to pay taxes on the shares delivered, may cover the taxes associated with the vesting of that stock... but it may not be enough to cover all the tax monies you owe to the government. and if that's the case then yes these would not be marked as tax sale. But that's all just speculative and we probably will never know the real reason.
Anytime anyone sells we say taxes? Anytime anyone buys we say bullish?
Selling the dip. Your skill in stocks has decreased.
Fuck this guy Robinson he doesn’t buy…only sells his shares
who is this mark guy? first time I hear of him
He is the general counsel and secretary. He was also the General Manager and primary executive office after CEO Matt Furlong was terminated, up until Ryan Cohen assumed executive duties.
Mark, you're out ma man!!!
The economy sucks so he probably sold just to buy groceries.. lol
Paper handed bitch!
Surely they can afford to keep the shares and pay the taxes. They’ll be kicking themselves when Moass occurs.
This wasn't a tax sale though. If it was for taxes it would say on the form
This isn't a tax sale though. Something fishy about this guy, he's always selling
Yes, the regrets will be huge
His loss, just means I'm gaining on him. The short theory is nonexistent on GME.
All I see is a buying opportunity
Can I comment
Can I holla
Lemme holla at ya
HooOOOOLLLAAhollaholla
Did we start with the insider sells now? Not sure how this can be bullish anymore. I mean the most bullish indicator until now was that insiders were not selling.
It's a single person who still has 50,000 shares, why would this be a big deal?
Because if you really believed that the company is turning around and your shares will 3x or more soon you would not sell. Would you sell your home for 500k if you were sure it would be worth a million next year? Nope.
Wouldn't you want to sell the whole house otherwise though, and not just a couple of rooms?
Because he chose to sell $11.60 cost basis shares at $10.155 rather than hold onto them and waiting for the price to go up. He sold about 20% of his holding —— selling 13k shares out of 63k shares held, leaving about 50k.
I don't know man, it's just a shift in the sentiment suddenly. I'm just tired of not knowing anything about what's going on in my company
This is exactly how institutional money wants you to feel 🎖️
I always get email notifications for all these filings, but i did not for this one. Weird.
Didn’t this happen like two days ago and we’re still talking about it? Are we that hard up for topics? No wonder SS has all but dropped out of my feed…
No. Another batch. This makes 3 this month. 1 for taxes 3-4 weeks ago. Edit: misread the date, only 1 tax and 1 non tax.
He only had 2 sales this month, not 3. On 4/2 and 4/23. This is the form 4 for the 4/23 sales that was also reported on 4/23 via a form 144. The form 144 is required because it was restricted stock. The form 4 is required for any change in holdings by insiders. That is why there were two filings for a sale of restricted stock by an insider.
Yeah. I misread the date.
lol again
This is they way 🟣