18 October 2017
visit www.response.ncr.com

Dorsey to sell 7% of his Square shares

16 November 2016  |  1718 views  |  0 Source: Square

Square (SQ) CEO Jack Dorsey has entered into a stock trading plan to sell shares of Square over the course of the next twelve months, in accordance with guidelines specified under Rule 10b5-1 of the Securities and Exchange Act of 1934.

The prearranged plan was finalized in August, and total shares available for sale are capped at approximately 7% of Mr. Dorsey’s overall holdings. The proceeds from these sales are for Mr. Dorsey’s financial and tax planning purposes and to enable him to help further fund the Start Small Foundation. The transactions will be disclosed periodically through Form 4 and Form 144 filings with the Securities and Exchange Commission. 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Register nowvisit www.innotribe.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15120 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8338 views comments | 15 tweets | 21 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
7827 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7234 views comments | 13 tweets | 8 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6398 views comments | 8 tweets | 16 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job