Insider Selling: Insignia Systems, Inc. (ISIG) Major Shareholder Sells 623,784 Shares of Stock

Insignia Systems, Inc. (NASDAQ:ISIG) major shareholder Sardar Biglari sold 623,784 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $1.32, for a total value of $823,394.88. Following the completion of the sale, the insider now directly owns 11,788 shares in the company, valued at approximately $15,560.16. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Sardar Biglari also recently made the following trade(s):

  • On Friday, January 5th, Sardar Biglari sold 248,159 shares of Insignia Systems stock. The shares were sold at an average price of $1.24, for a total value of $307,717.16.
  • On Wednesday, January 3rd, Sardar Biglari sold 165,556 shares of Insignia Systems stock. The shares were sold at an average price of $1.21, for a total value of $200,322.76.
  • On Thursday, December 28th, Sardar Biglari sold 161,852 shares of Insignia Systems stock. The shares were sold at an average price of $1.25, for a total value of $202,315.00.
  • On Monday, December 18th, Sardar Biglari sold 19,369 shares of Insignia Systems stock. The shares were sold at an average price of $1.25, for a total value of $24,211.25.
  • On Thursday, December 14th, Sardar Biglari sold 59,042 shares of Insignia Systems stock. The shares were sold at an average price of $1.25, for a total value of $73,802.50.
  • On Thursday, December 7th, Sardar Biglari sold 3,100 shares of Insignia Systems stock. The shares were sold at an average price of $1.37, for a total value of $4,247.00.
  • On Monday, December 11th, Sardar Biglari sold 72,572 shares of Insignia Systems stock. The stock was sold at an average price of $1.34, for a total value of $97,246.48.
  • On Monday, December 4th, Sardar Biglari sold 18,629 shares of Insignia Systems stock. The stock was sold at an average price of $1.45, for a total value of $27,012.05.
  • On Friday, December 1st, Sardar Biglari sold 4,487 shares of Insignia Systems stock. The stock was sold at an average price of $1.46, for a total value of $6,551.02.

Shares of Insignia Systems, Inc. (NASDAQ ISIG) traded down $0.07 during trading on Tuesday, hitting $1.21. The company’s stock had a trading volume of 538,170 shares, compared to its average volume of 487,083. Insignia Systems, Inc. has a one year low of $0.90 and a one year high of $2.19. The stock has a market cap of $14.42, a price-to-earnings ratio of -7.12 and a beta of 0.86.

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About Insignia Systems

Insignia Systems, Inc (Insignia) is a developer and marketer of in-store products, programs and services for consumer goods manufacturers and retail partners drive sales at the point of purchase. The Company’s products include the Insignia Point-of-Purchase Services (POPS) in-store marketing program, thermal sign card supplies for the Company’s Impulse Retail System, laser printable cardstock and label supplies, and The Like Machine.

Insider Buying and Selling by Quarter for Insignia Systems (NASDAQ:ISIG)

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