Intel CEO Brian Krzanich Jumping Ship? Sold 54 Million Worth Of Intel Shares And Stock Options
Intel CEO Brian Krzanich seems to have sold 54 Million in Intel shares and stock options which is something we don’t usually see every day and is a bit odd to say the very least. Brian Krzanich has been the CEO of Intel since May 2013. Executive sales of stock are set up well in advance in order to avoid issues with the SEC, otherwise, this can be looked at as insider trading.
This is the largest sales order that we have seen to date and similarly, Intel CEO Brian Krzanich sold 79,052 shares before previous Christmas. While it is possible that he is just cashing out in order to buy a new house or a new jet, it is safe to say that it is never a good sign when a CEO starts cashing out like this and one might assume that he knows something that we don’t.
You can check out the transactions of Intel CEO Brian Krzanich below:
While some are speculating that Intel CEO Brian Krzanich is planning on jumping ship, that would be a long shot and you should take this with a grain of salt instead of taking this to heart. We will be waiting for an official statement from Intel regarding what is going on and what Intel CEO Brian Krzanich is planning on doing.
We know that Intel Coffee Lake CPUs are out and there are other models coming as well in the first quarter of next year. We will also see mainstream 300 series motherboards coming out during the same time period. This will allow users to pair an $80 motherboard with a 6 core CPU. Which is something that was not possible when it came to mainstream chips.
Let us know what you think about all these shares being sold. Do you know what might be going on behind the scenes at Intel?