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AstraZeneca PLC (NASDAQ:AZN) reported that Aradhana Sarin, the company’s Executive Director and Chief Financial Officer, sold 15,000 American Depositary Shares (ADSs) on the Nasdaq exchange. The sale was conducted on Wednesday at a price of $88.6345 per ADS.
According to the company’s statement released Friday, each ADS represents half of one ordinary share of AstraZeneca. The transaction was disclosed in compliance with the EU Market Abuse Regulation as it is incorporated into UK law.
The notification, signed by Company Secretary Matthew Bowden, stated that this was an initial notification regarding the sale. The company provided the CUSIP number for the ADSs as 046353108.
This information is based on a press release statement included in AstraZeneca’s recent SEC filing.
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