In related news, CFO Devinder Kumar sold 312,469 shares of the stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $6.62, for a total transaction of $2,068,544.78. Following the completion of the transaction, the chief financial officer now directly owns 478,890 shares of the company’s stock, valued at $3,170,251.80. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Harry A. Wolin sold 18,000 shares of the stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $8.88, for a total value of $159,840.00. Following the transaction, the senior vice president now directly owns 688,116 shares of the company’s stock, valued at $6,110,470.08. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.
Not good news going into the Zen launch.