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Elliot Noss, the Chief Executive Officer of Tucows Inc. (NASDAQ:TCX), recently sold 1,100 shares of the company's common stock. The sale comes as the company faces financial headwinds, with InvestingPro data showing significant debt levels and negative free cash flow in recent quarters. The shares were sold at prices ranging from $16.69 to $17.03, totaling approximately $18,469. Following this transaction, Noss holds 484,158 shares directly. The sale was conducted under a pre-established Rule 10b5-1 trading plan, which was adopted on September 15, 2023.
In addition to his direct holdings, Noss also maintains indirect ownership through various accounts, including an RRSP, a TFSA, and a US Retirement Savings Account, as well as shares held by his spouse. The CEO’s indirect holdings amount to 124,779 shares in total.
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