Re: Form 4
No question that the company has cranked up the gifting of options and the move away from the Employee Stock Purchase Plan to free options this year is troubling.
I can't find anything in the AGM proxy to suggest that the ESPP has been suspended, so I am assuming that the sudden lack of insider buying through this rebate program is simply due to the fact that they are reluctant to spend any of their own money on STKL even at these prices (minus 15%).
Kendall and Dietrich timed it very well when they cashed in around the $8 level last Decemeber, and until JK shows up as a buyer again I suspect that we will keep seeing earnings misses and lower lows. Unless Fidelity unloads it should not be too brutal, though. IMHO