Ellie Mae Inc. (NYSE:ELLI) saw four of its insiders unload stock this week. The dispositions commenced on Monday, when Director Alan Henricks sold 12,666 shares of Common Stock, directly, for a weighted average price of $34.27 per share. The insider also exercised his use of stock options in order to complete his first transaction of this quarter. Elisa Lee, Executive Vice President and General Counsel of Ellie Mae, also unloaded 5,000 shares of Common Stock on Monday, receiving $34.54 for each share. In addition to this, the insider exercised her use of stock options.
On Tuesday, the firm’s President and Chief Operating Officer, Jonathan Corr, disposed of 10,500 shares of Common Stock for a weighted average price of $35.01 per share. However, the largest transaction was executed by Limin Hu, Executive Vice President and Chief Technology Officer. The insider unloaded 25,438 shares of Common Stock on Monday for $34.35 per shares before selling another 10,000 shares for $34.74 per share yesterday. Like his fellow employees, Hu also exercised his use of stock options.
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