Chief Executive Officer of the public company operating the Forex.com brand, among other subsidiaries, has revealed in regulatory filings that a sale of 84,600 GCAP shares he held netted $937,481 in proceeds.
According to regulatory filings dated April 2, 2014, filed by Gain Capital Holding Inc. under form 4 with the SEC, the firm's CEO, Glen Stevens has cashed in on 11.2% or 84,600 shares of his holdings of the company's publicly traded stock under ticker symbol GCAP on the New York Stock Exchange.
Mr. Steven still owns 676,482 shares of the company according to the filing, where he is listed as President, CEO & Director, and the above reported unloading of 84,600 shares was reported as having been made as early as March 31, 2014, the last day before the close of the first quarter. The transactions took place between the prices of $10.9295 and $11.1347, according to the filings.
Based on yesterday's closing price of GCAP at roughly $11.02, the remaining shares that Mr. Stevens still beneficially owns can be estimated to be worth $7,388,711, after he cashed in just shy of one million dollars worth of stock or $937,481, based on the volume weighted average prices listed above from the filings.
Based on an excerpt of the company's financial tearsheet that was updated as of yesterday, there are 39,763,000 shares outstanding which at yesterday's closing price of $11.02 value the company's market capitilization at $438,188,260. Mr. Stevens' current stake now represents 1.70% of the company's total and has reduced from 1.89% of the company's total prior to the sale (using today's estimates).
The sales were done pursuant to a company sales plan that permits such trades and complies with the requirements of Rule 10b5-1(c) under the Securities Exchange Act of 1934.
Therefore, while it's not clear as to the reason the overall position was reduced, it appears that it could be profit taking or the proceeds were needed for a personal investment or related matters.
An excerpt of the Yahoo Finance chart below shows the price history of GCAP shares, which have reversed the downtrend at the end of 2013, with 2014 proving to be a bullish start.
According to regulatory filings dated April 2, 2014, filed by Gain Capital Holding Inc. under form 4 with the SEC, the firm's CEO, Glen Stevens has cashed in on 11.2% or 84,600 shares of his holdings of the company's publicly traded stock under ticker symbol GCAP on the New York Stock Exchange.
Mr. Steven still owns 676,482 shares of the company according to the filing, where he is listed as President, CEO & Director, and the above reported unloading of 84,600 shares was reported as having been made as early as March 31, 2014, the last day before the close of the first quarter. The transactions took place between the prices of $10.9295 and $11.1347, according to the filings.
Based on yesterday's closing price of GCAP at roughly $11.02, the remaining shares that Mr. Stevens still beneficially owns can be estimated to be worth $7,388,711, after he cashed in just shy of one million dollars worth of stock or $937,481, based on the volume weighted average prices listed above from the filings.
Based on an excerpt of the company's financial tearsheet that was updated as of yesterday, there are 39,763,000 shares outstanding which at yesterday's closing price of $11.02 value the company's market capitilization at $438,188,260. Mr. Stevens' current stake now represents 1.70% of the company's total and has reduced from 1.89% of the company's total prior to the sale (using today's estimates).
The sales were done pursuant to a company sales plan that permits such trades and complies with the requirements of Rule 10b5-1(c) under the Securities Exchange Act of 1934.
Therefore, while it's not clear as to the reason the overall position was reduced, it appears that it could be profit taking or the proceeds were needed for a personal investment or related matters.
An excerpt of the Yahoo Finance chart below shows the price history of GCAP shares, which have reversed the downtrend at the end of 2013, with 2014 proving to be a bullish start.
Gender Gap in Online Privacy Concerns: Women More Reserved in Sharing Personal Data
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
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Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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