This month, MicroStrategy (MSTR) Director Carl Rickertsen offered all of his shares for a bit of over $10 million.
Rickertsen hasn’t made any purchases of MSTR this yr that met Securities and Trade Fee (SEC) reporting necessities, and he has traded in just one, decidedly bearish course.
He has, nevertheless, purchased MSTR inventory in earlier years. Certainly, in 2022, he invested $700,000 within the firm.
In line with legendary inventory analyst Peter Lynch, “Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.” And since 2022, the value of MSTR has clearly risen.
Rickertsen purchased $608,000 of MSTR on June 13, 2022. As of at the moment, MSTR has rallied 152% from his $152-per-share buy.
Ever the opportunist, nevertheless, Rickertsen didn’t wait till at the moment to promote that buy. Certainly, he offered half of his 4,000-share place in 2023.
Rickertsen hasn’t made any MSTR purchases this yr that met SEC reporting necessities.
Director Carl Rickertsen is a MicroStrategy vendor
Within the years since, Rickertsen has instantly exercised his inventory possibility awards — typically promoting MSTR on the identical day he receives it for his work as a director.
For instance, on June 2, he acquired and offered 26,390 shares on the identical day.
Rickertsen has been a director at MicroStrategy since 2019 and final reported zero vested shares of MSTR on June 5 this yr.
His current insider gross sales, together with the fast train of inventory choices and same-day gross sales, show that he’s aggressively managing his private holdings.
Thankfully for Rickertsen however sadly for frequent shareholders, the checklist of SEC Type 4 insider transactions is overwhelmingly one-sided. 12 months up to now, 26 insider gross sales have occurred, and nobody has purchased something.
Over the previous 5 years, whole gross sales by insiders have exceeded whole purchases by $864 million.
