Define: Trading Value

Trading Value means the value established by referring to one of several methods chosen for their ability to provide a precise indication of institutional market value under the current conditions. Seen in 14 SEC filings - Trading Value means for Common Shares, as of any date decided, it is the average of the Volume Weighted Average Price (VWAP) for the Common Shares for the 10 consecutive trading days immediately before such set date. Seen in 12 SEC filings - Trading Value means if the Common Stock is traded on a National Securities Exchange, it's the market price of the Common Stock on an agreed date, calculated based on the average closing price over the prior 20-day trading period. Or, if the Common Stock is not traded on a national securities exchange, it refers to the Fair Market Value of the stock per share, as decided in good faith by the Issuer's Board of Directors. Seen in 11 SEC filings - Trading Value means the average closing sales price of the Distributed Securities on the primary securities exchange where such Securities are traded at the time of the Distribution Demand, rounded to four decimal points. This is for the ten consecutive trading days ending on the second full trading day prior to the Distribution Demand. Seen in 10 SEC filings - Trading Value means when referring to any equity security on any given trading day, it is the volume weighted trading price of such security on the Nasdaq, rounded to the nearest 1/10,000, as reported by Bloomberg Financial Markets (or another agreed source). Seen in 5 SEC filings - Trading Value means the price shall be determined by the weighted trading price per share traded during the 90 calendar days prior to the decided exercise date. Seen in 4 SEC filings.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of trading value' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Trading Value means the average closing sales price of a security, computed over a specified number of consecutive trading days.

Relevant Contract Types

• Securities Purchase Agreement
• Shareholder Agreement
• Investment Agreement

Relevant Circumstances

• Purchase of securities or stocks by an investor or institution
• Shareholders determining the value of their shares
• Investment deals involving equity securities

Relevant Sectors

• Finance
• Investments
• Securities

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