Cytodyn Inc (CYDY)

[Bill_ENG]

It's in your definition.

Section 16 requires insiders to file Forms 3, 4, and 5. These forms can be filed electronically. The SEC requires Form 3, which is an initial statement of beneficial ownership, if there is an initial public offering (IPO) of equity or debt securities, or if a person becomes a director, officer, or a holder of at least 10% of a company’s equities.

here is a slightly different definition of it.

According to Section 16, anyone who is directly or indirectly a beneficial owner of more than 10% of a company, or any director or officer of the issuer of such a security, is required to file the statements required by Section 16.

All of these people are Directors or Officers of the issuer of CYDY stock. Some are both.

They should not have marked the box as they are still insiders. They should know that they are insiders. Their Families are insiders.

They would not be insiders, if they have sold the company or of they have quit, however those are 8K required events, and we have not seen an 8K.

jmo