Summary by Moomoo AI
Marathon Digital's Director and Officer, Frederick G Thiel, is set to sell 27,505 common shares on 12/16/2024, with an estimated market value of $646,367.5. These shares were acquired on 04/26/2022 through a Restricted Stock Vesting as part of compensation from the issuer.This sale is part of a planned transaction, with the instruction given on 06/18/2024. Over the past three months, Thiel has sold a total of 82,522 shares, generating gross proceeds of $1,457,874.9. Previous sales include 27,512 shares on 09/16/2024, 27,505 shares on 10/16/2024, and 27,505 shares on 11/18/2024.The consistent pattern of monthly sales suggests a predetermined selling strategy. This upcoming transaction will mark the fourth consecutive monthly sale of a similar number of shares, indicating a structured approach to liquidating the executive's stock holdings.
