Sputnik International
March 18, 2022
Moderna CEO Stephane Bancel has sold $408 million in stock over the course of the COVID19 pandemic. Moderna’s stock has soared 614% since receiving funding to develop its COVID19 vaccine.
Bancel has sold an average of 19,000 shares a week, averaging out to $3.6 million, according to CNBC. The shares have been sold from two troughs, 9,000 a week from Bancel’s personal holdings, with the other 10,000 coming from OCHA Limited Liability Corporation (LLC) a company based in Delaware that Bancel is the primary shareholder of and sole managing member.
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