On Friday, TechTarget Inc. (NASDAQ:TTGT) witnessed its Executive Director, Don Hawk, unload 8,500 shares of Common Stock, directly. The sale was made automatically pursuant to a trading plan entered into by the reporting person pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, and the insider paid a price of $8.16 per share. Additionally, Hawk exercised his use of 68,750 Restricted Stock Units. This stock disposition is the insider’s largest transaction of the fiscal year so far.
However, this quarter showed several insiders at the $262.6 million market cap online content provider, such as the firm’s president, Kevin Beam, who sold 12,500 shares of Common Stock for a price of $8.72 per share at the beginning of the month. But the largest stock disposition at TechTarget this year was executed by Director and majority shareholder, Jay Hoag. The insider unloaded a bulk of 2,896,705 shares of Common Stock at the end of May, paying a price of $5.88 per share.