M. Richard Rosenblatt, CEO & Chairman of the Board at DEMAND MEDIA INC. (DMD), sold 150,000 shares at $9.28 ($1.4M) on 2013-01-09, disclosed to the SEC on 2013-01-10.
Scheduled sale ($1.4M) by CEO & Chairman of the Board under a pre-arranged 10b5-1 plan. Pre-set trade — not a discretionary signal on the stock.
Negative factors outweigh the positive ones.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $9.28 | 100,000 | $928K | 66.7% |
| 2 | $9.28 | 50,000 | $464K | 33.3% |
| Total | $9.28 avg | 150,000 | $1.4M | 100% |
| Filing → |
| DMD | SELL | 2012-12-13 | $1.4M | — | Filing → |
| DMD | SELL | 2012-11-09 | $1.3M | — | Filing → |
| DMD | SELL | 2012-10-17 | $1.5M | — | Filing → |