William Lehmann, President and Chief Operating Officer at Athersys, Inc. (NASDAQ:ATHX), sold 12,000 shares of Common Stock, directly, on Friday, at a price of $1.58 per share. This sale completed the two-day transaction officiated by Lehmann on Thursday, when the President of the $120 million market capital firm, sold another 13,000 company shares at a price of $1.62 per share. Lehmann remaining holdings, however, still surpass the 500,000 mark.

Furthermore, the insider sale is the latest of a row of transactions at the biopharmaceutical company. Along with Lehmann, Executive Vice President, Robert Deans, sold a total of 5,080 shares for $1.62 on Thursday, while Gil Van Bokkelen, Chief Executive Officer unloaded 4,750 company shares at the same price.

However, this past quarter showed several new shareholder positions amongst hedge funds, such as George Soros’ Soros Fund Management, which acquired 157,000 shares, worth $509,000. Chuck Royce’s hedge fund, Royce & Associates, on the other hand, purchased a larger sum of 929,000 company shares, which hold a value of $3 million.