Kotick Sells More Stock, Gets More Money
- Scribbled on November 19th, 2009 by Jonah Falcon
- Filed in Industry News, WTF
Flush from making a cool $20M from selling Activision Blizzard stock, CEO Bobby Kotick has made another $17M, selling even more stock.
Kotick, who netted about $20 million from selling options last week, sold another 1.68 million shares at around $11.61 to $11.72 a share. This was from the same pool of options that vested in 2000 for $1.035 a share. The resulting profit was around $17 million, according to a Gamasutra story.
In August, Kotick brought in another $25 million when he sold about 2 million shares.
Is Kotick selling shares like penny candy a reason for investors to be scared, or is Kotick simply riding the Modern Warfare 2 money train?
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