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Compass CEO Reffkin Sells Additional 3 Million Shares

Compass CEO Robert Reffkin Sells 3M Shares for $17.7M, Latest in Year-Long Cash-Out Plan.

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ompass CEO Robert Reffkin is making a significant move by selling 3 million shares of company stock, worth around $17.7 million, as part of a pre-planned deal set to execute in 2025. This sale follows Reffkin's earlier trades this year, where he sold over 6 million shares from affiliated trusts and personal holdings, netting him roughly $35 million.

    Reffkin still holds more than 20 million shares, making him the company's fifth-largest shareholder. His sales have been part of a 10b5-1 stock sale plan, which allows insiders to schedule trades at predetermined prices and times to avoid insider trading accusations. A Compass spokesperson described the sale as "routine" and in line with standard practice for public company CEOs.

    Reffkin's plan was initiated on May 10 when Compass' stock closed at $3.90. The company's stock has since surged, currently trading around $6. Once the $444 million deal for @properties and Christie's International Real Estate closes, Reffkin will drop down in the shareholder leaderboard.

    The ownership landscape is shifting at Compass, with SoftBank no longer its largest shareholder after selling 10 million shares held in its Vision Fund on December 16. The Vanguard Group now holds over 67 million shares, making it the company's largest shareholder. Fidelity Investments and Blackrock complete the top four shareholders, accounting for almost 39% of Compass' ownership.

Compass CEO Leon Reffkin sells 3 million shares in company stock.