Nordnet CEO sells shares after lock-up period expires

Nordnet CEO Lars-Åke Norling has sold 980,000 shares in the digital savings and investment platform Nordnet AB (publ). The transaction, executed on November 28, 2022, occurred at a price of SEK 153.50 per share.

The sale follows the expiration of a lock-up agreement entered into when Nordnet was listed on the stock exchange in November 2020. This agreement had prevented the CEO from selling shares for a period of 24 months.

The divestment accounted for approximately one-third of Norling's total shareholding in Nordnet. The CEO stated that he still holds the majority of his shares and retains strong confidence in Nordnet's future potential in the Nordic savings market.

The transaction will be reported to the Swedish Financial Supervisory Authority in accordance with applicable regulations, fulfilling disclosure requirements under the EU Market Abuse Regulation.