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This is amazing. The insider dumping at Salesforce.com (CRM) did not stop just because it was the Thanksgiving holiday. From 11/22 to 11/25 more insiders cashed out. What is even more surprising is that they were dumping options 3 and 4 years before they expired. This is a trend we have been seeing lately I would think it goes to the mindset of their expectations of stock prices going forward. When you see 1 or 2 insiders doing it, it can be ignored as an anomaly (maybe they are selling for a specific reason unrelated to the business) but when it seems that they all are, one has to take notice.

Here is the laundry list:

  • VP Koplow, $74K worth 3 and 4 years before expiration.
  • COO Hu, $103K worth 3 and 4 years before expiration.
  • CFO Smith (remember he dumped on the eve of a disappointing earnings report) dumped another $79K 3 and 4 years before expiration.
  • VP Harris sold $5.4M 34 days before expiration and $79K worth 3 and 4 years before expiration.
  • Officer Van Veenendaal sold $77K 3 and 4 years before expiration.

This continues the unabated selling of shares we have seen forever at CRM.

CFO Smith sold another $197K worth. 1/2 was 1-2 years before expiration. He only owns 15K shares

Officer Van Veenendall sold another $42K worth all 1-2 years before expiration. He only owns 7.9K shares

How can the CFO only hold 15K shares directly? He has cashed in more than that this year and bought none on the open market.

VP Harris sold another $42K shares 1-2 yrs. early.

COO HU sold another 1-2 years early. He holds 2,779 share directly

VP Koplow sold $91K 1-2 years early; he at least directly owns 24k shares, dismal but better than his bosses.

Execs are using this company as an ATM.

Source: Saleforce.com Insiders Dumping Options 4 Years Before Expiration