Douglas Lebda, the chief executive officer of Charlotte-based LendingTree Inc., has sold $3.2 million of the company’s stock, according to a filing Friday with the Securities and Exchange Commission.
The sales occurred on Nov. 15 and Nov. 16. The first was for 4,000 shares with prices ranging from $263.17 to $271.40, and the second was for 8,000 shares at $275.
The total value of the sales were $3,267,769. Lebda still owns more than 420,000 shares of LendingTree stock worth more than $115 million.
This is at least the eighth sale of shares that Lebda has made in 2017, and the second of this week with the first occurring on Nov. 13. The total value of the all the sales is more than $7 million.
LendingTree was founded in 1996 by Lebda and is platform offering a variety of finance products and loans. He has been CEO since 2007.
The company’s stock price is $290.30 at the time of this writing, up 3.7 percent from the opening price of $280.05.