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Bed Bath & Beyond Falls as Cohen Files to Sell His ~9.5M Shares

Stock Markets Aug 17, 2022 04:46PM ET
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© Reuters Bed Bath & Beyond (BBBY) Falls as Cohen Files to Sell His ~9.5M Shares
 
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By Investing.com Staff

Bed Bath & Beyond (NASDAQ:BBBY) sold off into the close after Ryan Cohen's RC Ventures filed a Form 144 with the SEC to sell his 9,450,100 shares starting on 08/16/22.

This is equal to about 9.8% of the shares outstanding and is the amount of stock owned by Mr. Cohen via a February 24, 2022, SEC filing.

According to the filing, it represents the potential sale of up to 7,780,000 common stock and the following call options: 11,257 BBBY CALLS 01/20/23 @ $60, 5,000 BBBY CALLS 01/20/23 @ $80, 444 BBBY CALL 01/20/23 @ $75.

The shares will be sold via JPMorgan.

The sale comes as a surprise as Mr. Cohen had been working with the board to turn around the company. Also, Cohen's stake has been a driver for the recent short squeeze and meme-stock rally in the name.

A copy of the filing can be viewed here and here.

Bed Bath & Beyond Falls as Cohen Files to Sell His ~9.5M Shares
 

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Comments (17)
JIM VETTER
JIM VETTER Aug 17, 2022 9:31PM ET
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Tried for the gamma squeeze. No Bueno.
Kris Jay
Kris Jay Aug 17, 2022 9:26PM ET
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"Thanks for driving the stock up 300%, beyond my wildest dreams - see-ya" - Mr. Cohen
The Dude
The Dude Aug 17, 2022 6:46PM ET
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still up like 400% lol
Erikke Evans
Erikke Aug 17, 2022 6:08PM ET
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oh brother. The entire market sold off into the close...
Sylvia Doloff
Sylvia Doloff Aug 17, 2022 6:08PM ET
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I told you all today was a very very bad day and I am afraid it is just the beginning
Sylvia Doloff
Sylvia Doloff Aug 17, 2022 6:08PM ET
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it is increasingly difficult to profit of any thing substantial unless your Pelosi and her husband being fed inside info and getting away with it that's better than your broker telling you oh Noone has a crystal ball but the insiders do
Jan Jensen
MadeForStreets Aug 17, 2022 5:35PM ET
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How can they say, already Now, that in 2023 it's gonna rise to about 80 and its gonna be i January, come ooooonnnn !
Jack Nicholson
Jack Nicholson Aug 17, 2022 5:33PM ET
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hodl! I'm sure you'll all be millionaires! LOL
MAQ MM
MAQ MM Aug 17, 2022 5:33PM ET
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Hedgies creating panic by fake news. Buy...apes...buuyyy
Дмитрий Луценко
Дмитрий Луценко Aug 17, 2022 5:33PM ET
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b&h - new moon rocket easy. Crash the munipulative funds! We'll win!!!
Ihor Semchuk
Ihor Semchuk Aug 17, 2022 5:27PM ET
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rip bbby
Дмитрий Луценко
Дмитрий Луценко Aug 17, 2022 5:27PM ET
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I smell lawsuit
JW JW
JW JW Aug 17, 2022 5:18PM ET
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Guys, this is not him selling. This is really really good, the upside potential is huge. Look how high trading he filed to sell his calls!
Jay Sheeley
Jay Sheeley Aug 17, 2022 5:07PM ET
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This is completely fake and absolutely market manipulation. I hope they have the foresight to retract it and apologize before it becomes serious.
 
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