Ken Cheng, CTO & VP Corporate Development at BROCADE COMMUNICATIONS SYSTEMS INC (BRCD), sold 60,000 shares at $9.34 ($552K) on 2014-06-03, disclosed to the SEC on 2014-06-04.
Open-market sale of $552k BRCD by CTO & VP Corporate Development. Not flagged as scheduled, tax-driven, or recurring — but no specific bearish signal from our filters. Reasons for insider sales vary widely.
Something here stands out, but not much.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $9.15 | 25,000 | $229K | 41.4% |
| 2 | $9.34 | 10,000 | $93K | 16.9% |
| 3 | $9.20 | 25,000 | $230K | 41.7% |
| Total | $9.20 avg | 60,000 | $552K | 100% |
| Filing → |
| BRCD | SELL | 2014-09-18 | $305K | — | Filing → |
| BRCD | SELL | 2014-06-09 | $118K | — | Filing → |
| BRCD | SELL | 2014-06-06 | $459K | — | Filing → |