This is their annual cashing in of their options/shares. They have been heavily incentivized to perform through these options and they generally only cash in about 1 years worth. Still hold plenty.
As others have said, it's a basic diversification strategy. They are sensible management as shown by the way they run the company and their own personal finances.
Doesn't concern me. The market may have got used to it as well by now. We'll see in a couple of days.
But for the couple of traders on this forum who got spooked out of their shorts in 2.30s, it looks like no guts, no glory. Should have held on as the directors do generally sell down in these small windows.
A2M Price at posting:
$2.27 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)