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Post by mnholdem on Aug 24, 2016 7:47:51 GMT -5
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hd99
Newbie
Posts: 18 
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Post by hd99 on Aug 24, 2016 7:49:57 GMT -5
Doh, I bought too soon while it was 96 cent  |
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Post by als57 on Aug 24, 2016 7:55:09 GMT -5
I'll have to say that Mike Castanga is not afraid to "belly up to the bar" unlike other "weenies."
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Post by factspls88 on Aug 24, 2016 8:02:31 GMT -5
Nice to see some confidence from management.
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Post by mnholdem on Aug 24, 2016 8:04:40 GMT -5
Joseph Kocinsky and David Thomson also filed Form 4's with the SEC today. In both cases:
Codes: D – Sale (or disposition) back to the issuer of the securities
F – Payment of exercise price or tax liability by delivering or withholding securities V – Transaction voluntarily reported earlier than required
Footnote:
Explanation of Responses:
(1) Shares withheld to satisfy the tax liability incident to the vesting of previously reported restricted stock units.
Both gentlemen sold enough shares to pay approximately $3,400 in taxes. 
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Why would they pay taxes earlier than required? Could it be because they expect the value of those stocks to increase?
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Post by matt on Aug 24, 2016 8:18:52 GMT -5
Why would they pay taxes earlier than required? Could it be because they expect the value of those stocks to increase?
Exactly correct. When you exercise an option or fulfill a holding period for restricted stock linked to your employment, any gain or loss as of that date is ordinary income and the value on that date becomes your stepped-up tax basis. Any future change in value is capital gain. If those executives had options that were marginally in the money (value at exercise of a few pennies) and they thought the price was going to go way up, then it makes sense to pull the trigger and pay tax on the pennies to lock in the lower tax basis for future gains. |
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Post by cgiscgis on Aug 24, 2016 9:14:09 GMT -5
And Matt never buys! He needs to be replaced by DeSisto.
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Post by babaoriley on Aug 24, 2016 9:20:56 GMT -5
Matt's already got a bunch.
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Post by bobbyboy on Aug 24, 2016 9:24:25 GMT -5
Looks to me like Matt also bought 25K shares.
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Post by brentie on Aug 24, 2016 9:30:51 GMT -5
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Post by als57 on Aug 24, 2016 9:46:41 GMT -5
Yes that's true, Matt finally "sprung" and bought 25K shares with his money. But almost all of the shares Matt has have come from options and most when he was functioning as CFO. And because he was close to Mr. Mann, it could be that Mr. Mann as CEO made many of those option decisions to Matt, regardless of Matt earning them. His track record does not speak well of his earning them on merit!
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Post by brotherm1 on Aug 24, 2016 9:56:41 GMT -5
Thank you Mike! Thank you Matt!
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Post by LosingMyBullishness on Aug 24, 2016 9:57:45 GMT -5
Please not again another thread of "Matt has to buy shares". You saw today that the market gives a s### about management buying stock. Nobody believes that they over night found the secret sauce.
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Post by BlueCat on Aug 24, 2016 10:03:52 GMT -5
IMHO, ragging on Matt on proboards is counter-productive to seeing MNKD succeed as a company and improving the public perception.
There is complaint if these guys get a big salary, rather than tie their income to performance (incentive).
Then there is complaint if they do get options (incentive rather than reward at this price ....)
Then complaint if they don't buy stock.
Then when they do buy stock, complaint again about the options.
Personally, I'm glad they have some stock incentive, but more importantly, are actually buying now. And its nice that they timed some buying with minor tax-selling from the others to more than balance it out.
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Post by BlueCat on Aug 24, 2016 10:06:29 GMT -5
Please not again another thread of "Matt has to buy shares". You saw today that the market gives a s### about management buying stock. Nobody believes that they over night found the secret sauce. Indeed market doesn't care. But I think as investors, we do as it shows they are putting more into the company than already tied to. It also means they are buying up some of that additional float now to take out of short hands and place into hands that cannot sell short. A small plus, but a plus all the same. A glimmer. I'll take it. |
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