David C. Friezo, Director at REDBACK NETWORKS INC (RBAKD), bought 225,000 shares at $21.25 ($4.8M) on 2006-05-19, disclosed to the SEC on 2006-06-02.
Open-market purchase of $4.8M RBAKD by Director. Below the thresholds we flag for high-conviction alerts (no C-suite role, rare reversal, cluster, or A-grade history).
Negative factors outweigh the positive ones.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $21.25 | 75,000 | $1.6M | 33.3% |
| 2 | $21.25 | 150,000 | $3.2M | 66.7% |
| Total | $21.25 avg | 225,000 | $4.8M | 100% |