Ajay Malik, SVP, Worldwide Engineering at MERU NETWORKS INC (MERU), sold 10,976 shares at $4.53 ($48K) on 2014-03-05, disclosed to the SEC on 2014-03-14.
Open-market sale of $48k MERU by SVP, Worldwide Engineering. 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 | $4.50 | 100 | $450 | 0.9% |
| 2 | $4.53 | 900 | $4K | 8.5% |
| 3 | $4.38 | 9,976 | $44K | 90.6% |
| Total | $4.39 avg | 10,976 | $48K | 100% |