Humanigen Inc (HGENQ)

[DonDonDonDon]

The 10-Q being released earlier than normal makes me believe that insiders will be buying. Dale bought a million shares at $3.00 on March 11th. Nothing has changed to lower the value of the stock since that time. So his buying plan might keep buying shares until it gets to the $3.00 level. And then he can exercise his May $2.50 calls for more shares. I will be very surprised if the share price doesn't get back to $3.00 in May.

Insider buying can commence 2 trading days after the release of the 10-Q. The buying window lasts 20 days. Since the 10-Q was released afterhours, I'm not sure if today counts as the first trading day. The below citation is from the SEC. It says today would count as the first trading day if the public disclosure happened before the market closes. The PR was released at exactly 4:00pm, does that count? The 10-Q was released at 4:31pm, does being released during afterhours trading count as before the market closes? I'm not sure on either question. So insiders might be able to buy on Monday. If not Monday, then Tuesday.

If such public disclosure occurs on a Trading Day before the markets close, then that day shall be considered the first Trading Day. If such public disclosure occurs after the markets close on a Trading Day, then the date of public disclosure shall not be considered the first Trading Day following the date of public disclosure.

https://www.sec.gov/Archives/edgar/data/1062613/000106261315000049/ex995insidertradingpolicy.htm