Ed Williams, the CEO of Rightmove in the UK has sold 301,600 or 22% of his shareholding in Rightmove. This sale pocketed Williams a cool GBP3.8 million. The good news for Williams is that he still holds onto another 1.07 million shares as well as options over another 2.2 million shares. Fellow Senior Exec Nick McKittrick, has also exercised 388,000 share options and immediately sold them at GBP12.42. McKittrick remains in the money with an addition 1m share options and 129,000 ordinary shares.
The sale comes as the shares in Rightmove continue to trade near 12 month highs. Shares closed down 1.7% on the news.