USA: Krispy Kreme exec makes US$13.2m stock sale, but still believes in company
John McAleer, vice chairman of Krispy Kreme Doughnuts disposed of 330,000 shares between 27 March and 4 April this year, netting US$13.2m. News of the sale, revealed in a filing made with the US Securities and Exchange Commission (SEC) yesterday [Wednesday], comes just a week after North Carolina-based Krispy Kreme found itself moving to silence investor fears about large-scale insider selling during the previous quarter.
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