Scott Daniel Howarth, Chief Executive Officer at Integrated Silicon Solution, Inc. (NASDAQ:ISSI), completed a stock disposition of 25,000 shares yesterday. The transaction was executed directly and over two days, beginning on Monday. The insider sold his shares for a price of $15.00 per share and the sale was effected pursuant to a Rule 10b5-1 trading plan adopted by Howard on May 28, 2014. Furthermore, the insider also exercised his use of non-qualified stock options in order to complete the disposition.
However, Howarth isn’t the only insider that’s been actively selling stock this year. John Cobb, Chief Financial Officer at Integrated Silicon, completed several dispositions of 10,000 shares in Common Stock over the month of May, for a price of $14.17 per share on his latest sale.
And it appears that the semiconductor firm’s insider sales also set a trend for hedge funds, as most shareholders decreased ISSI’s portfolio participation. Such is the case with Chuck Royce’s Royce & Associates, which decreased activity by 11% this quarter and now holds 2.78 million shares, worth approximately $43.3 million.