Alto Ingredients Inc (ALTO)

[forlix]

To me these recent acquisitions look much more like the annual grants that happen free of charge. Not only because everyone mostly got the same amount but also looking at the transaction code.

Look at the CEO's Form 4 filing:
https://www.sec.gov/Archives/edgar/data/778164/000161577419006216/xslF345X03/s117645_form4.xml

An actual purchase would be transaction code P and not code A, see here:
https://www.sec.gov/edgar/searchedgar/ownershipformcodes.html

The only thing debatable is why they put a price other than zero in there. Perhaps to make it look like purchases to all the robot data miners that post to StockTwits etc.? In previous years the awards were always filed with a price of zero.

Here is a list of the CEO's past filings:
https://www.sec.gov/cgi-bin/browse-edgar?CIK=0001320697&action=getcompany

You will notice that the last actual purchase of the CEO happened over a year ago at a price of $3.20:
https://www.sec.gov/Archives/edgar/data/778164/000161577418001764/xslF345X03/s109290_form4.xml

Edit:
There is a more readable overview for the CEO here:
https://www.sec.gov/cgi-bin/own-disp?action=getowner&CIK=0001320697