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Bloomberg
Beyond Meat CEO Ethan Brown may not be selling his company shares anytime soon but that isn’t stopping other executives from cashing out gains after restrictions ended last month.
CFO Mark Nelson is the latest executive to sell 70,000 shares for $5.7 million, reducing his stake in Beyond Meat by 16%, according to a filing. Chief People Officer Cari Soto sold 10,000 shares for $824,471, a separate filing showed. Chief Growth Officer Charles Muth sold 50,000 shares, while board member Bernhard van Lengerich shed more than 133,000 shares, according to regulatory filings.
Beyond Meat shares have lost nearly a quarter of their value since the IPO lockup period expired at the end of October. Even so, the stock remains more than 200% higher since going public in May.