Retired FXCM (NYSE:FXCM) Chief Dealer Michael Romersa has continued to realize the cash value of his shares by selling a further proportion of his stake in the company, this time equating to a value of approximately $920,000.
As recorded on a filing by FXCM to the Securities and Exchange Commission (SEC), Mr. Romersa has sold 26,308 units of class A common stock at $17.09 per share on January 7, 2015, and a further 27,500 of class A common stock at $17.11 per share on January 8, 2015.
Just two days previously, Mr. Romersa sold 7,772 units of class A common stock at $17.08 per share, shortly after a previously reported transaction which took place on the same date in which Mr. Romersa concluded a sale of a substantial amount of FXCM shares.
That particular transaction involved Mr. Romersa selling $1,733,947.93 worth of company stock, which was preceded very shortly beforehand by a sale of 62,301 shares at $16.96 per share, equating to a total monetary value of $1,056,624.96.
Mr. Romersa was Chief Dealer of FXCM before retiring prior to FXCM’s IPO in December 2010, and has recently engaged in a series of sales of proportions of his shares, the most notable having been in March this year, when he sold 550,000 units of common stock, at a value of approximately $8.8 million.
Following his most recent sale of shares, Mr. Romersa continues to hold a further 374,357 units of beneficial securities.
In March, Mr. Romersa’s high value liquidation followed similar sized sales of FXCM shares by Lucid Markets executive Matthew Wilhelm, which he received as part of FXCM’s purchase of 50% of Lucid in June 2012 for $176 million. Mr. Wilhelm offloaded a further $4.3 million worth of shares in October this year.
For the SEC filing, click here.