This Insider Has Just Sold Shares In Gryphon Digital Mining

Investors may wish to note that the CFO & Corporate Secretary of Gryphon Digital Mining, Inc., Simeon Salzman, recently netted US$66k from selling stock, receiving an average price of US$1.19. It might not be a huge sale, but it did reduce their holding size 25%, hardly encouraging.

View our latest analysis for Gryphon Digital Mining

Gryphon Digital Mining Insider Transactions Over The Last Year

Notably, that recent sale by Simeon Salzman is the biggest insider sale of Gryphon Digital Mining shares that we've seen in the last year. So we know that an insider sold shares at around the present share price of US$1.11. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

Gryphon Digital Mining insiders didn't buy any shares over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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Insider Ownership Of Gryphon Digital Mining

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Gryphon Digital Mining insiders own about US$15m worth of shares. That equates to 34% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About Gryphon Digital Mining Insiders?

Insiders sold Gryphon Digital Mining shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We'd practice some caution before buying! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Gryphon Digital Mining. When we did our research, we found 4 warning signs for Gryphon Digital Mining (1 shouldn't be ignored!) that we believe deserve your full attention.

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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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