On Wednesday, T-Mobile (NASDAQ: TMUS) stock attracted attention as news emerged of company President and CEO Michael Sievert’s recent share sales. As per the U.S. Securities and Exchange Commission (SEC) filing, Sievert sold a total of 96,500 shares last Friday. After the sale, the CEO retains direct ownership of 489,839 shares, with an additional 95,000 held by his family’s LLC.
The shares were sold within the price range of $147.11 to $148.30 per share, averaging at $147.55 each. Sievert’s divestment totaled approximately $14.24 million in value. As of Wednesday morning, the stock is marginally up, indicating that investors in T-Mobile might not consider this share sale a significant concern.
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