Here is an update…….the Form 4’s keep rolling in. Update at end
This is amazing…..the insider dumping at $CRM did not stop just because it was the Thanksgiving holiday. On 11/22-25 more insiders cashed out. What is even more surprising is they were dumping options 3 and 4 years before they expired. This is a trend we have been seeing lately I would think it goes to the mindset of their expectations of stock prices going forward. When you see 1 or 2 insiders doing it, it can be ignored as an anomaly (maybe they are selling for a specific reason unrelated to the biz) but when it seems they all are….one HAS to take notice.
Here is the laundry list:
VP Koplow, $74K worth 3 and 4 years before expiration
COO Hu $103K worth 3 and 4 years before expiration
CFO Smith (remember he dumped on the eve of a disappointing earnings report) dumped another $79K 3 and 4 years before expiration
VP Harris sold $5.4M 34 days before expiration and $79K worth 3 and 4 years before expiration
Officer Van Veenendaal sold $77K 3 and 4 years before expiration
This continues the unabated selling of share we have seen forever in $CRM
***UPDATE****
CFO Smith sold another $197k worth. 1/2 was 1-2 years before expiration …only owns 15k shares
Officer Van Veenendall sold another $42k worth all 1-2 yrs. before expiration..only owns 7.9k shares
How can the CFO only hold 15k shares directly???? He has cashed in more than that this year and bought NON on the open market.
*****UPDATE Number 2*****
VP Harris sold another $42K shares 1-2 yrs. early
COO HU sold another 1-2 years early….ONLY holds 2,779 share directly
VP Koplow sold $91K 1-2 years early…he at least directly owns 24k shares…dismal but better than his bosses
Execs are using this company as an ATM….