Three senior employees at Purplebricks who exercised their options to acquire shares in the company two days ago have now sold them.
David Kavanagh, chief technology officer, David Shepherd, chief information officer, and Matthew Farrow, finance director, have sold 101,502 shares, 84,589 shares and 600,016 shares, respectively.
The announcement was made at noon yesterday.
All three sold at £1.48 per share.
Farrow’s sale will have raised him some £880,000.
Shares in Purplebricks slipped 5p by the close of trading yesterday.