Forge Global CEO sells over $68k in company stock

Key insights:

According to a recent SEC filing, Forge Global CEO Tim Berry sold 10,000 shares of company stock on June 29, 2023.

The shares were sold at an average price of $6.84 per share, for a total value of $68,400.

After the sale, Berry still owns over 1.2 million shares of Forge Global stock.

There are a number of possible reasons why Berry may have sold some of his Forge Global stock.

One possibility is that he needed the money to cover personal expenses.

Another possibility is that he believes that the stock is overvalued and wanted to cash out some of his profits.

It is also possible that Berry sold the stock as part of a planned diversification strategy.

The sale of stock by Berry is unlikely to have a significant impact on Forge Global.

The company still has a strong financial position and its stock price has been relatively stable in recent months.

However, the sale could be seen as a sign that Berry is less bullish on the company's future prospects.

Forge Global is a publicly traded company that provides software and services to the financial services industry.

The company's stock is traded on the Nasdaq Stock Market under the symbol "FRGE."

Berry has been the CEO of Forge Global since 2019.