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Novume CEO Exercises Option to Purchase 4,318,857 Company Shares
Robert A. Berman, through Avon Road Partners L.P., purchased more than 4.3 million shares
CHANTILLY, VA / ACCESSWIRE / December 12, 2018 / Novume Solutions, Inc. (NASDAQ: NVMM) announced today that its CEO, Robert A. Berman, has exercised an option to purchase 4,318,857 shares of Novume common stock. The transaction was executed on December 10, 2018 at a purchase price of $0.5155 per share. Berman made the purchase on behalf of Avon Road Partners L.P., of which he is the general partner. Following this transaction, Berman owns 23.8% of Novume's common stock. ''I thought that now was an appropriate time to express my confidence in Novume's future and join with other members of our Board of Directors who have recently increased their ownership in the company,'' said Berman.
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