Closed market
A closed-market transaction is an order placed by a company's insider to buy or sell restricted securities from within the company's own treasury. Appropriate documentation must be filed before a closed-market transaction order can be placed [Investopedia].
Closed Market means any facility serving a captive market, including but not limited to, department stores, food retailers, supermarkets, shopping malls, enclosed shopping centers, amusement parks, airports, train stations and other modes of mass transportation, travel plazas, casinos, nightclubs, cinemas, theaters, restaurants, public facilities, college and school campuses, arenas, stadiums, ballparks, hospitals, healthcare facilities, hotels, guest lodging facilities, daycare facilities of any kind, resorts, condominium and cooperative facilities, office buildings, convention centers, airlines (in-flight service), military bases and installations, government facilities, and any other public attraction or venue or mass gathering events or locations, and facilities of any kind for which food and/or beverage service rights are contracted to a third party or parties, whether inside or outside of the Development Area [Lawinsider].
What is a Closed market? Investopedia. Retrieved from: https://www.investopedia.com/terms/c/closedmarkettransaction.asp
Closed market. Lawinsider. Retrieved from: https://www.lawinsider.com/dictionary/closed-market