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Insider Trends: USANA Health Sciences Insider Converts Option/Derivative Security Sells Portion to Pay Tax, Buy Trend Intact

· 02/05/2021 14:02

06:54 PM EST, 02/05/2021 (MT Newswires) -- On Feb 03, 2021, G Doug Hekking, CFO, exercised options/derivative securities for 6,469 shares of USANA Health Sciences (USNA) and sold 2,741 shares in the company for $229,743 to meet tax obligations. After accounting for tax obligations this transaction resulted in a net acquisition of 3,728 company shares. Subsequent to the Form 4 filing with the SEC, Hekking has 3,728 shares of company stock, with a market value, based on the prior-day closing price, of $317,551.

Over the last 90 days, prior to the date of this filing, there have been 6 insider transactions reported to the SEC for USANA Health Sciences. These transactions came from the activities of 3 separate insiders that resulted in a net acquisition of 15,157 company shares. Relative to the preceding 90-day window of time, there were 35 transactions from 16 insiders that resulted in the net disposition of 597,077 shares.

This level of insider transactions is below that of the peer group average in the 19-company Personal Products peer group over the last 90-day period. Peer group activity averaged 158.7 transactions per company, and disposition of 89,924 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/896264/000117911021001362/xslF345X03/edgar.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.