Chris Kneppers J, Dir at Blue Biofuels, Inc., Sells Shares Worth $12,551

Blue Biofuels, Inc. (BIOF) disclosed that Chris Kneppers J, who holds the position of Dir at the company, was involved in selling 125,510 shares, per a Form 4 filing with the SEC.

The transaction was executed at a price of $0.10 per share, for a total value of approximately $12,551.

Company insiders are required to disclose changes in their stock ownership to the SEC on Form 4, typically within two business days of the trade.

Insider sales are common and can occur for reasons unrelated to a company's outlook, including scheduled trading plans, diversification, or personal financial planning.