TransferWise just let insiders dump $319M in company stock — and Draper Esprit cashed in big
Draper Esprit says early TransferWise investment brought in $43 million
Did TransferWise founders cash in their stock too?
Unfortunately, TransferWise has so far avoided confirming whetherKäärmann or fellow co-founder Taaveet Hinrikus dumped their stock alongside Draper.
A company spokespersontold the Financial Timesthat the pair “had a few opportunities to sell, yet they both retain large stakes in the business.” Käärmann and Hinrikussold less than one fifthof their stakes in the company in May last year.
[Read: Kodak, now a pharma company, expects drugs to make up 30-40% of its future business]
However,a CNBC reportindicated both execs had the option to cash in their shares in this round, but TransferWise declined to reveal how much they actually sold.
[H/T Irish Times]
Story byDavid Canellis
David is a tech journalist who loves old-school adventure games, techno and the Beastie Boys. He’s currently on the finance beat.David is a tech journalist who loves old-school adventure games, techno and the Beastie Boys. He’s currently on the finance beat.
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