McHenry Bancorp Inc. (MCHN)

[Big Brother]

Whoever sold all those shares, I certainly hope they weren't an affiliate(typically 10% or greater shareholder) otherwise they would have been in violation of Rule 144, as more than 1% of the o/s traded....or very close to it, depending on the exact o/s.

I believe 2,329,000 would be the max an affiliate could sell in a three-month period.

Trading Volume Formula. If you are an affiliate, the number of equity securities you may sell during any three-month period cannot exceed the greater of 1% of the outstanding shares of the same class being sold, or if the class is listed on a stock exchange, the greater of 1% or the average reported weekly trading volume during the four weeks preceding the filing of a notice of sale on Form 144. Over-the-counter stocks, including those quoted on the OTC Bulletin Board and the Pink Sheets, can only be sold using the 1% measurement.

https://www.sec.gov/reportspubs/investor-publications/investorpubsrule144htm.html