Director Deeds: Early June monsoon

The biggest buyers and sellers.

June has started with a monsoon of directors' trades on the ASX, some more telling than others.

In our fortnightly review of notable changes in directors' interests, we start with the recent large-scale off-market selling activity in online retailer Kogan by its founders. But what was just as interesting was the preamble around the sales, which netted more than $40 million. After denying rumours to the ASX that they were trying to sell a large tranche of their shares at the then-prevailing share price of almost $10, eight days later Ruslan Kogan and David Shafer announced they had “reluctantly” sold down their stakes in the company at a much lower strike price of $7.

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