Insiders Dumping Options 4 years Before Expiration

By Todd Sullivan of Value Plays

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 continue the unabated selling of share we have seen forever in $CRM

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About the Author

Todd Sullivan is a Massachusetts-based value investor and a General Partner in Rand Strategic Partners. He looks for investments he believes are selling for a discount to their intrinsic value given their current situation and future prospects. He holds them until that value is realized or the fundamentals change in a way that no longer support his thesis. His blog features his various ideas and commentary and he updates readers on their progress in a timely fashion. His commentary has been seen in the online versions of the Wall St. Journal, New York Times, CNN Money, Business Week, Crain’s NY, Kiplingers and other publications. He has also appeared on Fox Business News & Fox News and is a contributor. His commentary on Starbucks during 2008 was recently quoted by its Founder Howard Schultz in his recent book “Onward”. In 2011 he was asked to present an investment idea at Bill Ackman’s “Harbor Investment Conference”.

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