SolarCity Corp (SCTY) Insiders Sell Stock

SolarCity Corp (SCTY) Insiders Sell Stock
By BrokenSphere (Own work) [CC BY-SA 3.0 or GFDL], via Wikimedia Commons

A number of insiders have been unloading shares of SolarCity Corp (NASDAQ:SCTY) recently, according to regulatory filings. In fact, as Seeking Alpha contributor Markus Aarnio reports, four of them sold off some stock inside of a month. In addition, no insiders purchased any shares during the month, and two of the four cut their holdings in SolarCity by over 10%.

SolarCity CEO, others sell

The most recent SolarCity Corp (NASDAQ:SCTY) executive to sell was CEO Lyndon Rive, who unloaded 160,000 shares and reduced his ownership in the solar system maker by 5.6%. Executive Vice President Seth Weissman sold 7,000 shares on April 22, reducing his holdings by 3.2%, while Vice President John Stanton sold 10,000 shares on April 1, reducing his holding 15.8%. Executive Vice President Linda Keala also sold SolarCity stock on April 1, unloading almost 5,000 shares and reducing her ownership by 10.9%.

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