CHARLOTTE — Douglas Lebda, chief executive officer and founder of LendingTree Inc., sold nearly $9.5 million worth of company stock last week, according to two separate filings with the Securities and Exchange Commission.
Lebda sold 14,750 shares of stock for $4,674,307 on April 19 and 13,940 shares of stock for $4,736,341 on April 20. The value of the stocks sold ranged from $310 t0 $322 per share.
After the transactions, Lebda still owns 444,478 shares of LendingTree stock valued at over $143 million.
Lebda founded LendingTree in 1996, and is a frequent seller of the company’s stock following the online lending exchange’s initial public offering in 2000. He became CEO in 2007.
This is his fifth stock transaction this year, most recently selling $4.8 million in stock earlier this month.
LendingTree is a platform that connects customers with various lenders for competing loan options. The company includes options for a number of loan services including personal, business and auto loans.
Shares of LendingTree stock closed at $318.45 Friday afternoon, down 1.26 percent.
This story is from the North Carolina Business News Wire, a service of the UNC-Chapel Hill School of Media and Journalism
