James McPhail, Chief Development Officer at Sweetgreen (NYSE:SG), reported a large insider sell on September 12, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Tuesday showed that McPhail sold 6,323 shares of Sweetgreen. The total transaction amounted to $84,664.
Sweetgreen shares are trading down 7.04% at $12.95 at the time of this writing on Tuesday morning.
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The Importance of Insider Transactions
Insider transactions shouldn't be used primarily to make an ...