Kase Lukman Lawal, 10% Owner at Erin Energy Corp. (ERN), bought 42,000 shares at $1.95 ($85K) on 2016-05-13, disclosed to the SEC on 2016-05-27.
Open-market purchase of $85k ERN by 10% Owner. Below the thresholds we flag for high-conviction alerts (no C-suite role, rare reversal, cluster, or A-grade history). Context: insider career grade D.
Negative factors outweigh the positive ones.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $1.95 | 10,000 | $20K | 22.9% |
| 2 | $1.99 | 13,000 | $26K | 30.4% |
| 3 | $2.09 | 11,500 | $24K | 28.3% |
| 4 | $2.08 | 7,500 | $16K | 18.4% |
| Total | $2.02 avg | 42,000 | $85K | 100% |