LendingTree CEO Douglas Lebda Profits $446,440 From Stock Sale

2/2/17

By Harrison Miller, NC BIZ News

Douglas Lebda, the founder, chairman and CEO of LendingTree, sold another 4,000 shares of company stock, worth $446,440, according to a filing with the Securities and Exchange Commission.

The transaction occurred on Feb. 2 at a price of $111.61 per share. Lebda still directly owns 684,896 shares worth more than $76 million.

Lebda previously sold 12,000 shares of stock worth over $840,000 in three transactions on Jan. 9, Jan. 12, and Jan. 26, at prices of $104.04, $105.5 and $106.07 per share.

According to the Form 4 filing, Lebda indirectly owns 1,049,140 of common stock through family trusts, spousal ownership and Lebda Family Holdings LLC worth more than $110 million.

LendingTree, founded in 1996, is an on online lending exchange that connects consumers with a network of lenders for financing products, including personal, business and auto loans.

LendingTree shares closed on Feb. 2 at $111.9, up 90 cents, or 0.81 percent for the day.

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