Who is considered a “control person” or an “insider” of a publicly traded company?
You must answer yes or no to this question. A “control person” is generally someone who has the ability to influence management decisions of a publicly-traded company. Control persons can include senior managers, members of a company’s board of directors, its officers such as the CEO and CFO, or owners of more than 10% of the company’s outstanding stock (and family members or close associates of these groups). An “insider” is someone who has knowledge of, or access to, valuable nonpublic information about a publicly-traded company, such as members of a company’s board of directors and its officers. Owners of more than 10% of the company’s outstanding stock are also typically considered insiders.
