Intrusion Inc. Insider Raymond T Hyer Acquires $156K Worth of Shares

Raymond T Hyer, who holds a 10% ownership stake in the cyber security company Intrusion Inc. INTZ, has made a significant purchase of company stock. According to a recent filing with the U.S. Securities and Exchange Commission (SEC), Hyer acquired a large number of shares, reinforcing his strong position within the company.

Details of the Transaction

On November 7, the Form 4 filing submitted to the SEC revealed that Hyer had invested in an additional 500,000 shares of Intrusion, summing up to a transaction value of $156,600. This insider buy indicates a potential confidence from Hyer in the future performance of Intrusion's stock, considering his vested interest as a major shareholder.

Market Reaction

Following the news of Hyer's purchase, shares of Intrusion saw an uptick in market value, with a 7.87% increase in stock price to $0.32 on Wednesday morning. This instance exemplifies how insider transactions can sometimes have a ripple effect on stock performance in the short term.

Significance of Insider Transactions

While insider transactions alone should not be the sole factor in making investment decisions, they often provide valuable insights. An insider is defined as any officer, director, or individual who owns more than ten percent of a company's equity securities, as registered under Section 12 of the Securities Exchange Act of 1934. These insiders legally have to disclose their trades to the public via a Form 4 filing within two business days following the transaction.

In cases where insiders add to their holdings, it might suggest their belief in the company's prospects and potential for stock value appreciation. Conversely, the reasoning behind insider sales may vary and does not necessarily point towards a negative outlook on the stock.

Understanding Transaction Codes

Investors tend to pay attention to insider transactions executed in the open market, as reflected in Table I of the Form 4 filings. A 'P' in Box 3 of the form signifies a purchase while an 'S' represents a sale. The code 'C' indicates the conversion of an option, and 'A' could mean forced sales for the insider to receive compensation as per employment terms.

These transactions and their codes are critical in assessing the motivations behind insider trades and gauging market sentiment.

About Intrusion Inc.

Headquartered in Plano, Texas, Intrusion Inc. specializes in the development, marketing, and support of advanced solutions focused on entity identification, data mining, cybercrime, and the detection of advanced persistent threats. Their products are designed to enhance security measures for their clients across the United States.

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