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Jay W. Roth, CEO and Chairman of Venu Holding Corp (NASDAQ:VENU), sold a total of 8,116 shares of common stock on July 3rd and July 7th, according to a recent SEC Form 4 filing. The sales were executed in two tranches at prices ranging from $12.56 to $12.93, netting Roth approximately $103,218. The transactions come as VENU shows strong momentum, with the stock up nearly 35% over the past six months and trading near its 52-week high of $14.75. According to InvestingPro analysis, the company’s stock generally trades with high price volatility.
Specifically, on July 3rd, Roth sold 2,723 shares at $12.93 per share. An additional 741 shares held by the KMR Living Trust, of which Roth is a trustee, were sold at the same price. On July 7th, Roth sold 3,656 shares at $12.56 per share, along with 996 shares held by the KMR Living Trust at the same price.
Following these transactions, Roth directly owns 9,261,649 shares and indirectly owns 1,004,350 shares through the KMR Living Trust.
In other recent news, Venu Holding Corporation announced the launch of its 8.0% convertible preferred stock offering, aimed at both accredited and non-accredited investors. This offering allows investors to earn dividends and provides an option to convert to Venu’s common stock. The company has also formed strategic partnerships with Aramark Sports + Entertainment and Billboard, enhancing its venue management and promotional capabilities. Aramark will manage various services at Venu locations, while the Billboard partnership will focus on live music initiatives and the introduction of a new Disruptor Award. Additionally, Venu has appointed Tom Ashley as President of VENU Real Estate and Development to spearhead its nationwide expansion efforts. The company is making significant progress on venue development projects, including new amphitheaters in Texas and Oklahoma. These initiatives align with Venu’s strategy to expand its ownership model and strengthen its market position in the live entertainment industry. Through its nonprofit foundation, Venu has also awarded community grants to support music education and public art installations.
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