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News@lemmy.world · 8 months ago

Reddit Insiders Selling Days After IPO; Shares Fall

www.investors.com

cross-posted to:
reddit@lemmy.world

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Reddit Insiders Selling Days After IPO; Shares Fall

www.investors.com

scottywh@lemmy.world to

News@lemmy.world · 8 months ago

cross-posted to:
reddit@lemmy.world

CEO Steve Huffman and others disclosed sales days after the IPO.

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8 months ago
Yes. Insiders with that high a fraction of ownership exercise the ability to sell shares at a predetermined percentage value of a full priced share. Usually pegged to the closing price at the beginning or end of a quarter, whichever is lower.

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