'This most recent sale still leaves Reffkin with more than 16 million shares, making him the company's fifth-largest shareholder, according to Simply Wall Street.'
'All of his trades this year have come as part of a 10b5-1 stock sale plan, which allows company insiders to plan trades at predetermined prices and times to avoid accusations of insider trading.'
''Compass spokesperson called the sale a 'routine, pre-planned action,' adding, 'Many public company CEOs establish 10b5-1 plans to sell shares over time for tax and financial planning purposes, and this follows that standard practice.''
'SoftBank, which staked Compass over $1 billion before its IPO in 2021, sold 10 million shares held in its Vision Fund on Dec. 16, resulting in the firm not being the largest shareholder for the first time since the brokerage went public.'
Collection
[
|
...
]