HIVE Digital’s (NASDAQ: $HIVE) Chief Operating Officer (COO) Luke Rossy has been selling company stock.
Regulatory filings show the senior executive sold 66,700 shares of HIVE stock on June 3 for proceeds of $304,819 U.S
The shares were sold at an average price of $4.57 U.S. each on the open market. More From Cryptoprowl: The stock sale by Rossy comes after HIVE’s stock has nearly doubled (up 97%) over the past year. The COO also sold the stock just before it dipped to its current price of $3.96 U.S. a share.
As a senior executive at HIVE Digital, Rossy has accumulated several large tranches of company stock through a stock option and vesting program. Following the latest sale, Rossy continues to own 215,000 common shares of HIVE stock valued at $851,400 U.S. based on the current share price. Rossy also owns 630,000 restricted shares of HIVE stock that will vest in several tranches between now and March 2027.