RALEIGH — Red Hat Inc. Chief Executive Officer James Whitehurst had sold another $3.3 million in company stock, according to a filing Tuesday with the Securities and Exchange Commission.
Whitehurst sold 14,689 shares at an average price of $164.10 on Monday. He then sold another 5,840 shares at an average price of $164.55.
Whitehurst still owns 359,982 shares of the Raleigh-based open-source software company worth more than $59.2 million.
Whitehurst, the former chief operating officer at Delta Air Lines Inc., also sold $6.3 million worth of company stock on April 20.
Red Hat provides open-source software for operating systems, cloud storage and other computer functions. It distributes Linux, which translates requests from all other software on a computer to the computer’s hardware.
The company announced last week the general availability of its new storage service. Red Hat Storage One is a program meant to handle the varying workloads and storage-requirements of businesses.
Red Hat’s shares closed Tuesday at $163.14, up 8 cents.
This story is from the North Carolina Business News Wire, a service of the UNC-Chapel Hill School of Media and Journalism
