Vince McMahon, Triple H And Other WWE Executives Sell Thousands Of Shares Of Stock

SEC filings were filed on Tuesday for WWE executives selling WWE stock this past Monday, July 22nd.

WWE CEO Vince McMahon sold 12,627 shares for $70.23 worth $886,794.21. As previously reported, McMahon sold 3,204,427 shares this past April, worth around $270 million, to fund the XFL relaunch. Mr. McMahon beneficially owns 69,113 of the Company's Class A common stock and 28,682,948 shares of the Company's Class B common stock, which represents approximately 80.1% of the Company's total voting power.

Paul "Triple H" Levesque sold 17,563 shares for $70.23 worth $1,233,449.49, while Stephanie McMahon sold 17,681 shares for $70.23 totaling $1,241,736.63.

WWE Co-Presidents George Barrios also sold millions of dollars of stock on Monday. George Barrios sold 139,175 shares between $69.46 to $70.62 worth $9,761,705.95, while Michelle Wilson sold 65,318 shares at $70.23 totaling $4,587,283.14.

Kevin Dunn sold 68,628 shares at $70.23 totaling $4,819,744.44, while WWE Corporate Controller Mark Kowal sold 3845 shares at $70.23 worth $270,034.35.

WWE will be reporting its second quarter 2019 earnings this Thursday. Zacks Equity Research reports that Wall Street analysts are expecting revenues of $277.20 million, down 1.6% from the prior year quarter. The company is expected to report a loss of 3 cents per share for the quarter, which is a change of -121.4% from earnings of 14 cents last year.

WWE stock is currently trading at $68.35, down 31% from its peak of $99 this past April.