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Sonic Automotive(SAH.US) 10% Shareholder Sells US$3.96 Million in Common Stock

moomoo News ·  May 9 17:54

$Sonic Automotive (SAH.US)$ 10% Shareholder SMITH DAVID BRUTON sold 67,724 shares of common stock on May 7, 9, 2024 at an average price of $58.4346 for a total value of $3.96 million.

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What is statement of changes in beneficial ownership of securities?

It is a requirement under federal securities laws that mandates individuals, including officers, directors, and those who hold more than 10% of any class of a company's securities (collectively known as "insiders"), to report their purchases, sales, and holdings of their company's securities by submitting Forms 3, 4, and 5.

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