scottywh@lemmy.world to News@lemmy.world · 1 year agoReddit Insiders Selling Days After IPO; Shares Fallwww.investors.comexternal-linkmessage-square63fedilinkarrow-up1485arrow-down111cross-posted to: [email protected][email protected]
arrow-up1474arrow-down1external-linkReddit Insiders Selling Days After IPO; Shares Fallwww.investors.comscottywh@lemmy.world to News@lemmy.world · 1 year agomessage-square63fedilinkcross-posted to: [email protected][email protected]
minus-squareVeedem@lemmy.worldlinkfedilinkEnglisharrow-up218arrow-down4·1 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-up128arrow-down1·1 year agoSounds like something a greedy little pigboy would do
minus-squareLucidlethargy@sh.itjust.workslinkfedilinkarrow-up10·1 year agoLol, if only someone, or like, thousands of someones, warned the others and this. Shame. Anyway…
minus-squareExcursionInversion@lemmy.worldlinkfedilinkEnglisharrow-up14·1 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
minus-squareAbidanYre@lemmy.worldlinkfedilinkEnglisharrow-up8·1 year agoI thought they paid him like $200M last year? How does that work out with only half a million shares?
minus-squareDarkNightoftheSoul@mander.xyzlinkfedilinkEnglisharrow-up2·edit-27 months agodeleted by creator
minus-squareAbidanYre@lemmy.worldlinkfedilinkEnglisharrow-up2·1 year agoYeah, that was my point. The $16.7M he sold is way less than they reportedly gave him last year.
minus-squareDarkNightoftheSoul@mander.xyzlinkfedilinkEnglisharrow-up2·edit-27 months agodeleted by creator
minus-squareripcord@lemmy.worldlinkfedilinkarrow-up5arrow-down2·edit-21 year agoThat’s weird, I thought the majority of the $150m or so he got last year was in stock. And this says he barely cleared 1/10th of that with this sale. Edit: nevermind, explained in other comments
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
Lol, if only someone, or like, thousands of someones, warned the others and this. Shame. Anyway…
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
I thought they paid him like $200M last year? How does that work out with only half a million shares?
deleted by creator
Yeah, that was my point. The $16.7M he sold is way less than they reportedly gave him last year.
deleted by creator
That’s weird, I thought the majority of the $150m or so he got last year was in stock. And this says he barely cleared 1/10th of that with this sale.
Edit: nevermind, explained in other comments