Douglas Lebda, the founder, chairman and CEO of LendingTree, sold 8,000 shares of stock for more than $420,000, according to a Securities and Exchange Commission filing.
Lebda sold the stock in two transactions on Jan. 12 and Jan. 19, at prices of $104.04 and $105.50 per share, according to a Form 4 filed with the SEC.
The Jan. 19 filing states Lebda still owns 1,742,036 shares through personal ownership, family trusts, spousal ownership and Lebda Family Holdings LLC.
Lebda founded the financial services company in 1996. LendingTree is an online lending exchange that connects consumers with a network of lenders for home, auto and personal loans.
LendingTree shares closed on Jan. 19 at $106, up 5 cents or 0.05 percent for the day.
Note: This story is from the North Carolina Business News Wire, a service of UNC-Chapel Hill’s School of Media and Journalism.
