Director and 10% Owner Sells $10.6M of Stock

What did ACM Research, Inc. announce?

Director and 10% Owner David H Wang sold 140,000 shares for a total value of $10,630,010.48 under a 10b5-1 plan.

Key details

• David H Wang, Director and 10% Owner, sold shares.
• The total value of the transaction was $10,630,010.48.
• A total of 140,000 shares were sold.
• The transaction was made under a 10b5-1 plan.

Why it matters

This 4 reports an insider transaction at ACM Research, Inc.. The likely share-price reaction reads as negative.