Interactive Brokers founder Thomas Peterffy adopts trading plan
Electronic trading major Interactive Brokers has informed the Securities and Exchange Commission (SEC) of a trading plan adopted by Thomas Peterffy, founder and Chairman Interactive Brokers Group, Inc.
On January 28, 2023, Mr Peterffy adopted a Rule 10b5-1 trading plan to continue selling personally held shares of the Company’s Class A common stock received in prior redemptions. Mr. Peterffy entered into the plan as part of his personal long-term investment strategy for tax, asset diversification and liquidity.
Under the terms of the plan, Mr. Peterffy intends to sell up to 20,000 shares of the Company’s Class A common stock per day at prevailing market prices, subject to the terms of the plan and SEC Rule 144. Mr Peterffy will not have any control over the timing of the stock sales under the plan.
The transactions will occur until the earlier of the date on which all shares are sold, July 29, 2023, or the plan is terminated in accordance with its terms and applicable laws.
All transactions under the plan will be disclosed in accordance with applicable securities laws, rules and regulations through appropriate filings with the SEC.