Douglas Lebda, chairman and CEO of Lending Tree Inc., sold 4,000 shares of company stock earlier this week for $476,000, according to a Form 4 filing with the Securities and Exchange Commission.
The transaction occurred on April 5 at a price of $119.23 per share. Lebda still directly owns 648,896 shares, worth nearly $79 million, after the sale.
On March 31, Lebda sold another 4,000 shares of stock at a price of $123.64 per share, resulting in $494,560.
Lebda indirectly owns 1,049,140 common stocks through spousal ownership, a family trust, and Lebda Family Holdings, LLC.
LendingTree, founded in 1996, is an on online lending exchange that connects consumers with a network of lenders for financing products, including personal, business and auto loans.
On April 7, LendingTree Inc stock was trading at $121.62, up 12 cents, or 0.10 percent per share by midday.