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Insider Trends: Insider at j2 Global Makes Tax Sale Extends 90-Day Selling Trend

05/11/2021 12:39

04:27 PM EDT, 05/11/2021 (MT Newswires) -- Vivek Shah, Director and CEO, executed a sale of 1,537 shares of j2 Global (JCOM) on May 09, 2021, for approximately $183,994 to satisfy tax obligations. Following the Form 4 filing with the SEC, Shah has control over 578,485 shares of the company of which 468,485 shares are held directly and 110,000 are controlled indirectly. These holdings have an approximate market value of $69.3 million as of the prior-day closing price.

During the most recent 90-day period, previous to the date of this filing, there have been 64 insider transactions reported to the SEC for j2 Global. These transactions came from the activities of 10 individual insiders that resulted in a net disposition of 62,833 company shares. In the preceding 90-day window of time, there were 7 transactions from 4 insiders which resulted in the net disposition of 151,329 shares.

This is higher than the average level of insider transactions for the 73-company Integrated Telecommunications Services peer group over the last 90-day period. Peer group activity averaged 33.8 transactions per company, and disposition by insiders of 21,619 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1084048/000121465921005184/xslF345X03/marketforms-52727.xml

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