Tomorrow's lockup expiration. The CEO appears to be selling some at $65 (which appears to be a good deal if you can get it). Is it possible that we'll see this drop a little tomorrow as employees are finally able to sell or is this sector just too hot?
It doesn't say that he'll sell at $65. It simply points out that he wants to sell a bunch and what the value would be at $65. Re read the press release:
3-D printer maker ExOne Co. of North Huntington on Wednesday filed a proposed registration statement with the Securities and Exchange Commission for a secondary offering of 2.66 million shares that could raise up to $198.6 million if sold at $65 each. About 1.1 million shares will be sold by ExOne and 1.55 million by two trusts controlled by CEO S. Kent Rockwell and another trust controlled by Lafayette College, according to the filing. ExOne and the selling stockholders could also sell 398,400 additional shares depending on investor demand, which would include shares held by four members of management, including President David Burns and Chief Financial Officer John Irvin. ExOne's initial public stock offering on Feb. 6 was priced at $18 a share...
Can't blame the guy for wanting to take a bunch off the table. The 3D stocks appear to be in a bubble just like many of the dot coms before they went dot bust.