Option-related selling at The Descartes Systems (DSG)

Option-related selling at The Descartes Systems (T:DSG)

Edward Ryan, CEO, disposed of 107,439 Common Shares on a direct ownership basis at prices ranging from US$49.0 to US$49.17 between June 11th and June 12th, 2020. This represents a $7,166,921 divestment of the company's shares and an account share holdings change of -100.0%.

Michael Verhoeve, a Senior Officer, disposed of 16,500 Common Shares on a direct ownership basis at prices ranging from $66.660 to $67.790 also between June 11th and 12th, 2020. This represents a $1,111,190 divestment of the company's shares and an account share holdings change of -80.5%.

The Descartes Systems is in the Software Sub Industry Group under the Technology Sector.

Descartes Systems Group Inc. is a technology company focused on logistics and supply chain management business processes. Its solutions are cloud-based and are focused on the productivity, performance and security of logistics-intensive businesses. It operates through its logistics technology solutions segment. Its software-as-a-service and data solutions are used to route, schedule, track and measure delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access and analyze global trade data; research and perform trade tariff and duty calculations; file customs and security documents for imports and exports; and complete other logistics processes by participating in a large, collaborative multimodal logistics community. Its primary focus is on serving transportation providers (air, ocean and truck modes), logistics service providers (including third-party logistics providers) and distribution-intensive companies.