CEO selling stock, not informing company
I’m a minor shareholder in my company (through ESOP where options were priced extremely low), and have just recieved a Transfer Notice and phonecall from my CEO explaining that he is selling a large stake (~10% total shares) to a VC (who is apparently a friend of a friend) at considerably lower value than he has stated the company is valued at (in all-hands meetings).
When I asked when details of the sale would be shared with the company, I was asked not to disclose this to anyone as it’s private information for the shareholders, and not relevant to the staff. I think bringing on our largest investor yet is quite relevant, especially as the valuation this sets is pretty pessimistic.
My question is, is it possible to know how much liquidity the CEO himself is taking (as he’s selling it out of his personal holdings, ~75% of total) and how much is being fed back into the company?