Why I'm Not Concerned With SoFi's Recent Insider Sales
Shares of SoFi Technologies (NASDAQ: SOFI) are down nearly 15% in the last week, in part because skittish investors are grappling with the implications of a handful of executives selling some of their shares in the company.
But are these insider sales really a harbinger of bad things for the fintech? I don't think so, and here's why.
For perspective, whenever certain insiders (usually high-ranking executives or large institutional stakeholders) buy or sell shares of a publicly traded company, that company is required to disclose those transactions in Form 4 filings with the Securities and Exchange Commission (SEC).
Source Fool.com
