The CEO also Tweeted that on Jan 12th

In my eyes it was also tax planning as I'm sure that most options were under the prices acquired at

https://twitter.com/CEOAdam/status/1481384780440682499

Quote:

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Ok - are you ready. I found the answer.

I have to admit - I love this stuff. Search and find. ;)

It goes back to what I said originally. I took your article and put together the pieces of what we do know

Quote:
Aron told investors in a November earnings call that he planned to offload some of his AMC holdings. Filings with the US Securities and Exchange Commission show he sold about $25 million worth of shares in November


https://www.sec.gov/Archives/edgar/data/0001032673/000141157921000072/xslF345X03/primary_doc.xml

11/09/2021 625,000 shares sold @ $40.529 per share =$25,330,625 (check)

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Quote:
about $9.6 million in December,


https://www.sec.gov/Archives/edgar/data/0001032673/000141157921000079/xslF345X03/primary_doc.xml

12/07/2021 312,500 shares sold @ $30.867 per share = $9,645,937 (ok. Matches)

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Quote:
and another $7.1 million this week .


https://www.sec.gov/Archives/edgar/data/0001032673/000141157922000015/xslF345X03/primary_doc.xml

01/11/2022 312,500 shares sold @ 22.846 per share = $7,139,375 (Also matches)

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Then the article states...

Quote:
He still has about 2.3 million shares in AMC, the filings show.


Ok - so taking the last filing.

https://www.sec.gov/Archives/edgar/data/0001032673/000141157922000015/xslF345X03/primary_doc.xml

It actually shows he owns 205,086 shares. Those are his right now. You can see that number in the column

BUT It also shows

he has 780,915 Shares issuable based upon continued service

and

1,316,759 Shares issuable upon attainment of performance goals at target

so when added together

205,086 + 780,915 + 1,316,759 = 2.3 million shares

The author of the article is including shares that have not been vested and maybe that's normal to do that? He will have those at some point.

Quote:
is That's worth $52 million as of the company's latest closing price.


Updated math - that is now worth 43.1 million, as of the latest closing price 2.3 million shares @ 18.75

AMC has been a leader among the new class of meme stocks beloved by retail traders on social media sites like Twitter and Reddit. The company that once neared bankruptcy amid the first wave of the COVID-19 pandemic has made a comeback, with its stock surging almost 1,000% in the last year, largely thanks to the millions of retail traders backing the shares.

Aron has embraced the company's meme-stock status and reached out to the crowd of individual shareholders backing the company through popular YouTube channels, Twitter, and even in-person meet-and-greets.

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