high
Sell
420,707 shares
$800,496
Significance
7/10
CEO Pallia Srinivas sold 420,707 shares in 2 transactions for $800,495.86; holdings fell 32.0%
Pallia Srinivas, CEO of Wipro, executed two separate sales totaling 420,707 shares for $800,495.86 at prices of $1.98 and $1.82, reducing his holdings from 1,314,512 shares to 893,805 shares. This 32.0% reduction in his equity stake occurred while the stock traded 37.1% below its 52-week high of $3.13 and has declined 12.0% over the past 90 days. The scale of the CEO's equity reduction is material in absolute terms and represents a substantial shift in his direct ownership position in a $20.6B market-cap company.