Director sells $208,110 of stock

What did StoneCo Ltd. announce?

Director Silvio Jose Morais sold 21,000 shares of common stock for $208,110 in an open-market transaction.

Key details

• Director Silvio Jose Morais sold shares.
• The transaction involved 21,000 shares of common stock.
• Total value of the transaction was $208,110.
• The sale was not made under a 10b5-1 plan.

Why it matters

This 4 reports an insider transaction at StoneCo Ltd.. The likely share-price reaction reads as neutral.