Q: Can you explain atz’s secondary offering please
5i Research Answer:
The CEO is selling $66M worth of shares at $69.85. The company gets no proceeds from this. He still owns a lot of stock, and sales in the first part of the year are often related to taxes and estate planning, and this was mentioned in the release. With the stock up 82% in the past year, he still has more money at risk than he did last year, even with the sale.