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Bowlero Corp. founder, CEO Tom Shannon sells 25%-plus more of his Class A stock, but share price holding

JEFF RICHGELS | Posted: Wednesday, January 18, 2023 12:45 pm
Bowlero Corp. founder, CEO Tom Shannon sells 25%-plus more of his Class A stock, but share price holding
Bowlero Corp. founder and CEO Tom Shannon continues to sell off big chunks of his stock, but investors appear unfazed as the stock price remains up slightly since the sales began. On Dec. 30, Bowlero 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, as I detailed in this story. Investors didn’t panic at the prospect of those shares flooding the market, as they...