Insider

(1) The Securities Exchange Act of 1934 defines an insider as any officer, director, or any person owning more than 10% of a company’s stock. These individuals are required to file reports of their transactions in the subject securities with the SEC.
(2) The rules related to insider trading extend the definition of an insider to any person who is in possession of material nonpublic information.

Updated on: 24/04/2023