C
ompass CEO Robert Reffkin is continuing to cash in on his company's success. He has notified the SEC of a plan to sell 2 million shares, valued at around $12.8 million, as part of a pre-planned stock sale. This comes after Compass reported another strong earnings quarter, with a net loss of $1.7 million and $32.8 million in free cash flow.

    The company's stock price has been on the rise, closing 14% higher at $6.35 following its earnings announcement. Reffkin has sold shares before, including 3.5 million under his name and another trust last quarter for over $17 million. Both sales were part of a pre-planned stock sale to avoid accusations of insider trading.

    Reffkin owns nearly 25 million shares in Compass, making him the fifth-largest shareholder. He plans to remain the company's largest individual shareholder despite selling more shares. In an internal email, Reffkin assured employees that his dedication to Compass hasn't wavered and he believes in the company's future upside.

    Compass has reported some of its best financial results since going public in 2021, with revenue growing by almost 12% to $1.5 billion and transactions increasing by over 16% year-over-year. The company expects to be cash flow positive for the year and hit a full-year adjusted EBITDA of over $100 million.