DroneShield CEO’s Share Sale Triggers Stock’s Worst Day Ever

DroneShield Ltd.’s stock plunged the most on record after Chief Executive Officer Oleg Vornik sold A$49.5 million ($32 million) worth of shares in the Australian defense company.

The Sydney-based counter drone firm slumped 31% after Vornik sold 14.8 million shares between Nov. 6 and Nov. 12, according to an exchange filing — part of a parcel of performance options that became payable on Nov. 5.