Purplebricks lettings director Richard Jacques has sold shares in the company.
The sale of the 35,000 shares was at £1.6025.
Purplebricks made the announcement, while also advising the London Stock Exchange that an employee has exercised options to subscribe for 30,451 ordinary shares in the company at 0.1p each. The options were granted prior to Purplebricks listing as a public company.
Other employees have also exercised – and cashed in – their share options.
Before joining Purplebricks, Jacques was head of Your Move’s investor club.
He is not the first to have taken advantage of share options. Just before Christmas, chief technology officer David Kavanagh, chief information officer David Shepherd and finance director Matthew Farrow sold 101,502, 84,589 and 600,016 shares respectively, having exercised options to purchase two days earlier.