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BlockBeats News, May 20th - According to a Form 144 filing recently disclosed by the U.S. Securities and Exchange Commission (SEC), Andrew Kang, Executive Vice President of Strategy Inc., obtained 5,597 shares of Company A's common stock on May 18th through a restricted stock grant. These shares were sold on May 19th at an average price of $165.78 per share, with a total transaction value of approximately $927,866.
The filing notes that a portion of the proceeds from this sale will be used to cover tax obligations resulting from stock-based compensation. The transaction was carried out in accordance with a 10b5-1 trading plan adopted by Kang on May 2, 2024.
As per SEC regulations, insiders can provide advance notice of intended sales via Form 144 filings. Kang currently serves as the Executive Vice President of Strategy Inc.
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