Summary by Futu AI
Alberto Horihuela, an officer of FuboTV, plans to sell 403,847 shares of common stock on January 7, 2025. The aggregate market value of the shares to be sold is $2,434,656.36. This transaction is part of a pre-arranged trading plan adopted on June 21, 2023.The shares to be sold include founder's shares acquired in 2014 and stock options granted between 2015 and 2018. The majority of the shares (366,977) come from stock options that will be exercised on the day of the sale. In the past three months, Horihuela sold 47,478 shares for gross proceeds of $69,616.99.This planned sale represents a significant transaction for the company officer, potentially impacting insider ownership levels. Investors may want to monitor how this sale aligns with the company's current performance and future outlook.