Celsius Holdings, Inc. (NASDAQ:CELH) shareholder and co-chair William H. Milmoe sold over $76 million worth of the company's stock.
The divestiture was announced Monday afternoon ahead of the energy drink company's earnings report Tuesday morning.
According to regulatory filings, Milmoe offloaded shares amounting to over $76 million at an average price of $59.66 per share.
This information was revealed in the latest Form 4 filing with the U.S. Securities and Exchange Commission. The transactions were carried out over three days, from May 2 to May 6. Milmoe sold exactly 214,287 shares of common stock each day.
CD Financial LLC, where Milmoe serves as the manager, delivered the shares upon the exercise of call options sold to unaffiliated third-party purchasers last year.
Milmoe still indirectly retains a substantial stake in Celsius through his role in CD Financial LLC and as a trustee of the Carl DeSantis Revocable Trust.
It's unclear why Milmoe sold the stock; the transaction has been reported in compliance with SEC regulations. Celsius Holdings has not made any official statements regarding the transactions.
Investors often view insider transactions as an indicator of the executives' confidence in the company's future prospects. The impact of this insider sale on investor sentiment towards Celsius Holdings remains to be seen.
Image: Shutterstock
Celsius Holdings, Inc.（納斯達克股票代碼：CELH）股東兼聯席主席William H. Milmoe出售了價值超過7,600萬美元的公司股票。
在這家能量飲料公司週二上午發佈業績之前，於週一下午宣佈了資產剝離。
根據監管文件，Milmoe以每股59.66美元的平均價格出售了總額超過7600萬美元的股票。
該信息是在向美國證券交易委員會提交的最新Form 4文件中披露的。這些交易爲期三天，從5月2日到5月6日。Milmoe每天恰好出售214,287股普通股。
Milmoe擔任經理的CD Financial LLC去年在行使向非關聯第三方購買者出售的看漲期權時交付了股票。
Milmoe通過在CD Financial LLC任職以及作爲卡爾·德桑蒂斯可撤銷信託的受託人，仍然間接持有Celsius的大量股份。
目前尚不清楚Milmoe爲何出售該股票；該交易是根據美國證券交易委員會的規定報告的。Celsius Holdings尚未就這些交易發表任何官方聲明。
投資者通常將內部交易視爲高管對公司未來前景信心的指標。此次內部出售對投資者對Celsius Holdings的情緒的影響還有待觀察。
圖片：Shutterstock
