Hyperdrive
Nikola’s Ex-CEO Has Sold Stock Almost Daily for Three Months
- Mark Russell has offloaded shares worth $17.2 million
- Electric-truck maker has said he’ll remain on its board
Mark Russell
Photographer: Andreas Gebert/BloombergThis article is for subscribers only.
Nikola Corp.’s former chief executive officer has sold more than a third of his direct stock holdings since the electric-truck maker announced his retirement after the end of this year.
Mark Russell has offloaded just over 1 million shares worth $17.2 million, selling almost every day since Sept. 15, according to data compiled by Bloomberg. His latest disposal, disclosed in a regulatory filing Wednesday, leaves him with 1.96 million shares.