CFO Shenif Visram insider stock sales
Company: Hut 8
The claim, verbatim
CFO Shenif Visram sold 17,897 shares of Company stock on inside information before the fraud was exposed, receiving approximately $253,063 in proceeds on 12/22/2023 at $14.14/share.
Source (primary)
Thompson v. Leverton — Entry #8: FILING ERROR - DUPLICATE DOCKET ENTRY - COMPLAINT against Joseph Flinn, Asher Genoot, Alexia Hefti, Michael Ho, Hut 8 Corp., Jamie Leverton, Stanley O'Neal… (RECAP (purchased via PACER), court_filing)
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Quote: “During the Relevant Period, while the Company's stock price was artificially inflated and before the scheme were exposed, Defendant Visram made the following sale of Company stock: Date December 22, 2023 Number of Shares 17, 897 Avg. Price/Share $14.14 Proceeds $253,063. Thus, in total, before the fraud was exposed, he sold 17,897 shares of Company stock on inside information, for which he received approximately $253,063 in proceeds.”
How we checked this
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Additional evidence
confirms Thompson v. Leverton — Entry #8: FILING ERROR - DUPLICATE DOCKET ENTRY - COMPLAINT against Joseph Flinn, Asher Genoot, Alexia Hefti, Michael Ho, Hut 8 Corp., Jamie Leverton, Stanley O'Neal…
Quote: “During the Relevant Period, while the Company's stock price was artificially inflated and before the scheme were exposed, Defendant Visram made the following sale of Company stock: Date December 22, 2023 Number of Shares 17, 897 Avg. Price/Share $14.14 Proceeds $253,063. Thus, in total, before the fraud was exposed, he sold 17,897 shares of Company stock on inside information, for which he received approximately $253,063 in proceeds.”