A Red Hat Inc. director sold shares of stock for more than $1.6 million, according to a filing with the Securities and Exchange Commission.
Director William S. Kaiser sold 14,000 shares at $114.79 per share, for a total value of $1,607,060.
He still owns 69,352 shares in Red Hat worth more than $8 million.
Kaiser is a venture capitalist and serves on the board of directors for multiple private organizations. He has been a director of Red Hat since September 1998.
Kaiser joined Greylock Partners in May 1986 and specializes in investments in the enterprise sector including applications, infrastructure, networking, open source and software, Kaiser spent seven years in sales and marketing at Hewlett Packard and Apollo Computer.
Red Hat is a multinational software company founded in 1993. It provides storage, operating system platforms, middleware, applications, management products and support training and consulting services. The Raleigh-based company has over 10,700 employees.
Red Hat’s stock closed Friday at $117.06 per share, up $1.90 from that mornings opening price.
The form can be found here.