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Excerpt from www.investing.com
Powerschool Holdings, Inc. (NYSE:PWSC) CEO Gulati Hardeep has recently sold a significant amount of company stock, according to the latest filings. The transactions, which occurred on May 24 and May 28, involved the sale of 44,734 shares of Class A Common Stock for a total value exceeding $940,000.
On May 24, Hardeep sold 4,900 shares at a weighted average price of $21.03, with prices ranging from $21.00 to $21.09. A few days later, on May 28, an additional 39,834 shares were sold at an average price of $21.17, within a price range of $21.00 to $21.43. These sales were made pursuant to a Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined plan to sell stocks at a time when they are not in possession of material non-public information.
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