NorthWest Biotherapeutics Inc (NWBO)

[biosectinvestor]

Check the proxy, he owns less than 1%. He is on the board but he is not an insider. That is a defined term. He does not own enough shares and again, it was not a sale into the public markets by him, nor a buy from another investor by him. It’s a direct investment and purchase of shares in the company. Anyone can do that basically when the company offers shares. The company is the ultimate “insider”, so they are selling to everyone that purchased on the same terms, to fund operations.

Also, he duly disclosed his purchase and…

https://www.investopedia.com/terms/i/insider.asp#toc-what-is-an-insider

You “trade shares” on the secondary market. This was a direct purchase of non-voting shares, privately offered shares from the company, to find its operations. It’s not the same thing.

He holds no office with the company, and does no business with the company that would represent any kind of special designation. Basically he is an independent board member.