Replies to post #33190 on SunWorks Inc (SUNWQ)

[just a learner]

Oh thank you. I do feel better about the stock now. I found this right on today's form: "These shares were sold pursuant to a Rule 10b5-1 Trading Plan."

I do believe it is insider selling though. One name was EMARD ABRAHAM RICHARD CEO of Subsidiary. The other name is PODNEBESNYY MIKHAIL V VP of Subsidiary. We know the subsidiary is Sunworks. I could only find Podnebesnyy on the form linked from my Scottrade account.

I also looked up the rule definition. Here's the link:
http://www.investopedia.com/terms/r/rule-10b5-1.asp

"DEFINITION OF 'RULE 10B5-1'
A rule established by the Securities Exchange Commission (SEC) that allows insiders of publicly traded corporations to set up a trading plan for selling stocks they own. Rule 10b5-1 allows major holders to sell a predetermined number of shares at a predetermined time. 10b5-1 plans are used by many corporate executives in an attempt to avoid accusations of insider trading.

INVESTOPEDIA EXPLAINS 'RULE 10B5-1'
It is not uncommon to see a major holder sell some of his/her shares at regular intervals. For example, a director of XYZ Corporation may choose to sell 5,000 shares of stock on the second Wednesday of every month. To avoid conflict, 10b5-1 plans must be established when the individual is unaware of any material non-public information." GLTA and go SLTD.