NorthWest Biotherapeutics Inc (NWBO)

[JerryCampbell]

By SEC definition, directors are insiders. That's the whole reason Janikowski needed to file Form 4. So pretty much everything you said is totally wrong.

Read the SEC regs on who needs to file Form 4.

"The federal securities laws require certain individuals (such as officers, directors, and those that hold more than 10% of any class of a company’s securities, together we’ll call, “insiders”) to report purchases, sales, and holdings of their company’s securities by filing Forms 3, 4, and 5."

source: https://www.investor.gov/introduction-investing/investing-basics/glossary/forms-3-4-and-5