Bowlero founder, CEO Tom Shannon sells 5%-plus of his Class A stock, which jumps to $14.27 per share Thursday after revenue reveal

On Dec. 30, Bowlero Corp. made a filing with the Securities and Exchange Commission that enables its founders and early stage investors to sell 205,321,942 shares of Class A Common Stock. Investors didn’t panic at the prospect of those shares flooding the market, as they apparently realized how counterproductive that would be for the company, and the stock rose from $13.22 per share on Dec. 29 to a close Thursday of $14.27 per share. Bowlero’s stock (NYSE:BOWL) has a 52-week range of...