John Schnatter told the Securities and Exchange Commission moments ago that he’d sold 44,174 Papa John’s shares for $3.4 million, the single-largest block he’s sold since he began aggressively selling at the start of the month; see table, below.
The filing shows he sold the shares at an average $76 each on Thursday. That brings to nearly 103,000 the number of shares he’s sold since Aug. 5, SEC documents show. Still, he remains far and away the single-biggest stockholder in the company he founded in 1984, with about 10.5 million shares, including those subject to options.
The company’s PZZA shares closed today at $75.36, up 91 cents, or 1.2%.