Geoffrey Cook, MeetMe's Chief Executive Officer and a director of the company, recently disposed of 225,177 shares of the company. The disposals took place at prices ranging from $5.33 to $5.47 per share, on dates ranging from January 15 to January 17, 2019. Cook still owns 831,385 shares of the company. Cook operates out of New Hope, PA. Some additional info was provided as follows:
The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan, which was adopted on August 6, 2018 for estate planning and diversification purposes. Mr. Cook has no other sales planned for 2019 other than sales pursuant to this trading plan and not yet executed. After the sales reported in this Form 4 and the remaining shares expected to be sold pursuant to 10b5-
1 trading plan, together totaling 300,000 shares, Mr. Cook will retain approximately 86.3% of his current holdings (including stock options exercisable within 60 days of the date hereof). The reporting person undertakes to provide The Meet Group, Inc., any security holder of The Meet Group, Inc., or the staff of the Securities and Exchange Commission upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnotes included in this Form 4.
Represents the weighted average sale price for total shares sold by the reporting person, including a range of prices from $5.2550 to $5.4200.
Represents the weighted average sale price for total shares sold by the reporting person, including a range of prices from $5.3250 to $5.5500.
Represents the weighted average sale price for total shares sold by the reporting person, including a range of prices from $5.3450 to $5.5900.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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