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Schnatter slices more off his Papa John’s stake

Haley Cawthon
Schnatter slices more off his Papa John’s stake

John Schnatter unloaded even more of his Papa John’s International Inc. shares this week. According to a Thursday Securities and Exchange Commission filing, the founder and former CEO of the Louisville-based international pizza chain sold 199,483 shares at nearly $51 per share, for $10.1 million, in a span of two days. The latest sale comes after Tuesday’s SEC filing, which indicated Schnatter had sold 114,061 shares for more than $6 million a week after announcing his intent to sell his stake in the Louisville-based company.