CFO Frode Jacobsen sells 70,000 shares (61.8% of holdings) at Opera Ltd for $1,305,616.00
Frode Jacobsen, CFO of Opera Ltd, executed 2 separate sales totaling 70,000 shares for $1,305,616.00 at prices of $18.88 on June 17 and $18.52 on June 18, reducing his holdings from 113,325 shares to 43,325 shares. This represents a reduction of 61.8% of pre-transaction holdings in a concentrated two-day window. The stock currently trades at $18.62, within 11.6% of its 52-week high of $21.06, and has risen 33.1% over the past 90 days, suggesting the company has experienced recent positive momentum. The magnitude and timing of the sale—coinciding with strong recent performance—merit investor scrutiny regarding the CFO's confidence in near-term prospects.