scottywh@lemmy.world to News@lemmy.world · 1 year agoReddit Insiders Selling Days After IPO; Shares Fallwww.investors.comexternal-linkmessage-square40linkfedilinkarrow-up150arrow-down10
arrow-up150arrow-down1external-linkReddit Insiders Selling Days After IPO; Shares Fallwww.investors.comscottywh@lemmy.world to News@lemmy.world · 1 year agomessage-square40linkfedilink
minus-squareVeedem@lemmy.worldlinkfedilinkEnglisharrow-up22·1 year agoHe sold about 500,000 shares. He owned, apparently, 3.3% of the 17.06 million total shares of the company, meaning he had a little over 562,000 shares. He sold almost all of his shares. That doesn’t exactly exude confidence in future growth, IMO.
minus-squareNOT_RICK@lemmy.worldlinkfedilinkEnglisharrow-up12·1 year agoSounds like something a greedy little pigboy would do
minus-squareAbidanYre@lemmy.worldlinkfedilinkEnglisharrow-up2·1 year agoI thought they paid him like $200M last year? How does that work out with only half a million shares?
minus-squareExcursionInversion@lemmy.worldlinkfedilinkEnglisharrow-up1·1 year agoWhere are you getting this info? https://www.cnbc.com/video/2024/03/27/reddit-shares-slump-after-ceo-steve-huffman-sells-500000-shares.html https://www.sec.gov/Archives/edgar/data/1713445/000162828024011448/reddit-sx1a2.htm#i1b9a579e78a34dfa99f7f26daeec195b_100
He sold about 500,000 shares. He owned, apparently, 3.3% of the 17.06 million total shares of the company, meaning he had a little over 562,000 shares. He sold almost all of his shares. That doesn’t exactly exude confidence in future growth, IMO.
Sounds like something a greedy little pigboy would do
I thought they paid him like $200M last year? How does that work out with only half a million shares?
Where are you getting this info?
https://www.cnbc.com/video/2024/03/27/reddit-shares-slump-after-ceo-steve-huffman-sells-500000-shares.html
https://www.sec.gov/Archives/edgar/data/1713445/000162828024011448/reddit-sx1a2.htm#i1b9a579e78a34dfa99f7f26daeec195b_100