Mario Alvarez, Chief Operating Officer at VelaTel Global Communications, Inc. (VELA), sold 1,969,502 shares at $0.01 ($20K) on 2012-06-08, disclosed to the SEC on 2012-06-26.
Open-market sale of $20k VELA by Chief Operating Officer. 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 | $0.01 | 54,003 | $540 | 2.7% |
| 2 | $0.01 | 100,000 | $1K | 5.1% |
| 3 | $0.01 | 365,000 | $4K | 18.5% |
| 4 | $0.01 | 705,000 | $7K | 35.8% |
| 5 | $0.01 | 745,499 | $7K | 37.9% |
| Total | $0.01 avg | 1,969,502 |
| $20K |
| 100% |
| Filing → |
| VELA | SELL | 2012-07-20 | $2K | — | Filing → |
| VELA | SELL | 2012-05-31 | $60K | — | Filing → |
| VELA | SELL | 2012-04-04 | $9K | — | Filing → |