STEC is up almost 1000% since January and what are the insiders doing?

Chief Executive Manouch Moshayedi and Chief Operating Officer Mark Moshayedi will sell another 7.5 million shares and the company (STEC) will not receive any of the proceeds. That will increase the float by about 30%.

In a mean time here are their last trades:

INSIDER TRANSACTIONS REPORTED

Date Insider Shares Type Transaction Value* 6-Jul-09 MOSHAYEDI MASOUD Beneficial Owner (10% or more) 1,033 Indirect Sale at $24.80 per share. $25,618 1-Jul-09 MOSHAYEDI MASOUD Beneficial Owner (10% or more) 5,530 Indirect Sale at $25.95 per share. $143,503 30-Jun-09 MOSHAYEDI MASOUD Beneficial Owner (10% or more) 290,594 Indirect Sale at $23.39 per share. $6,796,993 29-Jun-09 MOSHAYEDI MASOUD Beneficial Owner (10% or more) 7,325 Indirect Sale at $24.25 per share. $177,631 26-Jun-09 MOSHAYEDI MASOUD Beneficial Owner (10% or more) 81,989 Indirect Sale at $24.18 per share. $1,982,494 25-Jun-09 MOSHAYEDI MASOUD Beneficial Owner (10% or more) 38,908 Indirect Sale at $23.50 per share. $914,338 24-Jun-09 MOSHAYEDI MASOUD Beneficial Owner (10% or more) 201,508 Indirect Sale at $22.52 - $23.74 per share. $4,661,0002 23-Jun-09 MOSHAYEDI MASOUD Beneficial Owner (10% or more) 122,900 Indirect Sale at $22 per share. $2,703,800 18-Jun-09 MOSHAYEDI MASOUD Beneficial Owner (10% or more) 123,800 Indirect Sale at $24.50 per share. $3,033,100 17-Jun-09 MOSHAYEDI MASOUD Beneficial Owner (10% or more) 200,000 Indirect Sale at $23.37 per share. $4,674,000 28-May-09 MOSHAYEDI MASOUD Beneficial Owner (10% or more) 16,200 Indirect Sale at $14.01 per share. $226,962 27-May-09 MOSHAYEDI MASOUD Beneficial Owner (10% or more) 21,800 Indirect Sale at $17.42 per share. $379,756 26-May-09 MOSHAYEDI MASOUD Beneficial Owner (10% or more) 246,800 Indirect Sale at $17.02 per share. $4,200,536 19-May-09 MOSES DAN Director 50,000 Direct Option Exercise at $5.75 per share. $287,500 19-May-09 MOSES DAN Director 50,000 Direct Sale at $15.96 per share. $798,000 19-May-09 MOSHAYEDI MASOUD Beneficial Owner (10% or more) 66,900 Indirect Sale at $16.04 - $16.25 per share. $1,080,0002 19-May-09 MOSHAYEDI MASOUD Beneficial Owner (10% or more) 33,100 Indirect Sale at $15.50 - $16.04 per share. $522,0002 18-May-09 MOSHAYEDI MASOUD Beneficial Owner (10% or more) 51,094 Indirect Sale at $15.14 - $15.21 per share. $775,0002 18-May-09 MOSHAYEDI MASOUD Beneficial Owner (10% or more) 48,906 Indirect Sale at $15 - $15.14 per share. $737,0002 15-May-09 MOSHAYEDI MASOUD Beneficial Owner (10% or more) 100,000 Indirect Sale at $14.25 - $14.39 per share. $1,432,0002 14-May-09 MOSES DAN Director 45,000 Direct Option Exercise at $2.74 - $3.84 per share. N/A 14-May-09 MOSES DAN Director 45,000 Direct Sale at $14 per share. $630,000 17-Mar-09 MOSHAYEDI MASOUD Beneficial Owner (10% or more) 400 Indirect Sale at $8.31 per share. $3,324 17-Mar-09 MOSHAYEDI MASOUD Beneficial Owner (10% or more) 96,000 Indirect Sale at $8.06 - $8.3 per share. $785,0002 17-Mar-09 MOSHAYEDI MASOUD Beneficial Owner (10% or more) 3,600 Indirect Sale at $8.03 - $8.05 per share. $29,0002 17-Mar-09 MOSHAYEDI MEHRDAD Officer 24,000 Indirect Automatic Sale at $7.92 per share. $190,080 17-Mar-09 MOSHAYEDI MANOUCH Officer 24,000 Indirect Automatic Sale at $7.92 per share. $190,080 16-Mar-09 MOSHAYEDI MASOUD Beneficial Owner (10% or more) 100,000 Indirect Sale at $7.60 - $7.77 per share. $769,0002 16-Mar-09 MOSHAYEDI MEHRDAD Officer 224,700 Indirect Automatic Sale at $7.75 per share. $1,741,425 16-Mar-09 MOSHAYEDI MANOUCH Officer 224,700 Indirect Automatic Sale at $7.75 per share. $1,741,425 13-Mar-09 MOSHAYEDI MASOUD Beneficial Owner (10% or more) 100,000 Indirect Sale at $7.50 - $7.56 per share. $753,0002 13-Mar-09 MOSHAYEDI MEHRDAD Officer 151,300 Indirect Automatic Sale at $7.52 per share. $1,137,776 13-Mar-09 MOSHAYEDI MANOUCH Officer 151,300 Indirect Automatic Sale at $7.52 per share. $1,137,776