insider

Insider

Any person who has knowledge of, or access to, valuable nonpublic information about a corporation.

Notes:

Examples of an insider are the directors and officers of a company. The stockholders who own more than 10% of equity in a company are also insiders.

See also: Insider Information, Insider Trading

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insider

1. A person who, because of his or her position within a firm, has access to proprietary information unavailable to the general public. Although the term obviously includes corporate officers, it also may extend to relatives of these officers or to employees of other firms having a special relationship with the firm in question.

2. Officially, an officer, a director, or the owner of 10% or more of a firm's securities. See also Form 3.