​The executive chairman of Morrisville-based ChannelAdvisor Corp. sold $1 million worth of company stock, according to a Securities and Exchange Commission filing

Scot Wingo sold 33,000 shares at a price of $10.77, another 32,205 shares at a price of $11.01 and 33,795 shares at a price of $10.88, according to a Form 4 filed with the Securities and Exchange Commission.

Wingo now directly owns 904,005 shares in the company worth nearly $10 million.

He co-founded the company in 2001 and served as its chief executive officer until 2015.

[Last week, Wingo said he was taking over as CEO of a startup he has helped fund, Spiffy, an on-demand car wash provider.]

ChannelAdvisor is a cloud-based e-commerce solutions company that has helped retailers and branded manufacturers increase global sales across online channels since 2001.

ChannelAdvisor shares closed Wednesday at $10.80, down 15 cents, or 1.4 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