The Company maintains an Insider Trading Policy (“the ITP”) which applies to its employees and Board of Directors (the “Insiders”) and governs these individuals’ trading of BSQUARE securities, including stock options. Among other things, the ITP establishes our Insider trading window policy which governs when board members, executive officers and certain key employees may trade in BSQUARE securities, subject to other restrictions as well.
Under our ITP, which is subject to change, our Insider trading window closes the Friday of the last week of the second month of the fiscal quarter and reopens the third trading day following release of our quarterly earnings results unless there is significant volatility in our stock trading. Generally speaking, our insider trading window is open approximately three (3) weeks a quarter as a result.