4Mass shareholders have sold large packages

The leading shareholders of 4Mass, who are also members of the company’s management board, sold large blocks of shares on August 10. On that day, the company’s share price dropped significantly.

The 4Mass company, one of the boom stars on NewConnect i the second most popular company in the ranking of Bankier.pl, in two separate announcements today announced the sale of significant blocks of shares by “insiders”.

Krzysztof Kasieczka, member of the company’s management board, sold 4,721,242 shares at an average price of PLN 1.56 on August 10. This means that the value of the transaction was PLN 7.37 million.

On the same day, president Sławomir Lutek sold 7,780,812 shares of the company on the same day, thus reducing the scale of ownership from 10.48%. up to 1.66 percent shares in the company (no average price was given). In turn, the share of Krzysztof Kasieczka fell from 9.89 percent. up to 4.54 percent

August 10 was an important day for 4Mass shareholders. On Monday investors reacted to the company’s financial results released on Friday. During this session, the 4Mass price dropped from PLN 2.28 to PLN 1.20 (-47.3%).

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The sale of shares by people associated with the management of the “hot” company recently happened also in the case of Biomed-Lublin. Today, however, the Lublin company announced that the main shareholder and member of the supervisory board Dariusz Kucowicz increased his ownership by 50,000 shares for PLN 15 each (PLN 750,000).

Michał Żuławiński

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