SNAP EXECUTIVES RUN FOR THE EXIT, SELL OVER $9 MLN IN STOCK
SNAP EXECUTIVES Snap Inc ‘s (NYSE:SNAP) executives have been rapidly selling their shares in the company since the lockup expired, on Monday.
Snap Inc went public in March and restrictions on the company’s IPO meant that employees could not sell shares awarded to them through compensations plans until this Monday. Since Monday, top executives sold an estimated $9.3 million worth of shares.
Snap’s shares were up 1% Thursday afternoon.