Insider Selling: Veracyte (NASDAQ:VCYT) CEO Sells 138,051 Shares of Stock
MarketBeat
Veracyte, Inc. (NASDAQ:VCYT - Get Free Report) CEO Marc Stapley sold 138,051 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $50.12, for a total value of $6,919,116.12. Following the completion of the sale, the chief executive officer directly owned 440,494 shares of the company's stock, valued at $22,077,559.28. The trade was a 23.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
NASDAQ:VCYT