T.Scott Wainwright, President at MAGNEGAS CORP (MNGA), sold 40,800 shares at $6.30 ($229K) on 2012-05-17, disclosed to the SEC on 2013-03-20.
Open-market sale of $229k MNGA by President. Not flagged as scheduled, tax-driven, or recurring — but no specific bearish signal from our filters. Reasons for insider sales vary widely.
Nothing distinguishes this filing.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $6.30 | 35,000 | $221K | 96.5% |
| 2 | $1.41 | 2,300 | $3K | 1.4% |
| 3 | $1.40 | 2,400 | $3K | 1.5% |
| 4 | $1.35 | 1,100 | $1K | 0.6% |
| Total | $5.60 avg | 40,800 | $229K | 100% |