Nu Holdings CEO Velez sells 33 million shares of the company
FILE PHOTO: Nubank CEO David Velez talks on stage during the opening of the Web Summit technology conference, in Rio de Janeiro Brazil May 1, 2023. REUTERS/Ricardo Moraes/File Photo
SAO PAULO :Nu Holdings, which runs Brazilian digital lender Nubank, said in a statement on Monday its Chief Executive Officer David Velez sold 33 million class A shares of the company through Rua California Ltd.
The sale, which was motivated exclusively for personal asset planning purposes, represents about 3.5 per cent of Velez's shares in Nu Holdings, and 0.7 per cent of the total of shares issued by the company, the statement added.
Source: Reuters
