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<blockquote data-quote="Weather Man" data-source="post: 16602823" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3679276-nikola-falls-after-barter-transaction-with-ex-ceo" target="_blank">Nikola falls after barter transaction with ex-CEO</a></p><ul> <li data-xf-list-type="ul">Nikola (<a href="https://seekingalpha.com/symbol/NKLA" target="_blank">NKLA</a> -6.9%) is lower on the day after founder Trevor Milton sells more shares in his former company in what Barron's <a href="https://www.marketwatch.com/articles/nikola-founder-makes-a-curious-48-6m-stock-sale-51617641275?mod=newsviewer_click" target="_blank">describes</a> as a strange move.</li> <li data-xf-list-type="ul">Milton sold 3.5M shares at $13.89 for "goods and services" from the buyer instead of cash.</li> <li data-xf-list-type="ul">"The reported disposition was made in exchange for non-cash consideration in the form of a credit to the account [Milton’s] with the purchaser for goods and services provided by the purchaser in the amount of $48,615,000," reads a SEC filing.</li> <li data-xf-list-type="ul">The sale still leaves Milton with more than 79M shares of Nikola stock and he is still the company's largest shareholder.</li> <li data-xf-list-type="ul"><a href="https://seekingalpha.com/filing/5462108" target="_blank">SEC Form 4</a>.</li> <li data-xf-list-type="ul"><a href="https://seekingalpha.com/symbol/NKLA/chart" target="_blank">See the advanced chart on Nikola</a>.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16602823, member: 137766"] [URL='https://seekingalpha.com/news/3679276-nikola-falls-after-barter-transaction-with-ex-ceo']Nikola falls after barter transaction with ex-CEO[/URL] [LIST] [*]Nikola ([URL='https://seekingalpha.com/symbol/NKLA']NKLA[/URL] -6.9%) is lower on the day after founder Trevor Milton sells more shares in his former company in what Barron's [URL='https://www.marketwatch.com/articles/nikola-founder-makes-a-curious-48-6m-stock-sale-51617641275?mod=newsviewer_click']describes[/URL] as a strange move. [*]Milton sold 3.5M shares at $13.89 for "goods and services" from the buyer instead of cash. [*]"The reported disposition was made in exchange for non-cash consideration in the form of a credit to the account [Milton’s] with the purchaser for goods and services provided by the purchaser in the amount of $48,615,000," reads a SEC filing. [*]The sale still leaves Milton with more than 79M shares of Nikola stock and he is still the company's largest shareholder. [*][URL='https://seekingalpha.com/filing/5462108']SEC Form 4[/URL]. [*][URL='https://seekingalpha.com/symbol/NKLA/chart']See the advanced chart on Nikola[/URL]. [/LIST] [/QUOTE]
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