Mellanox founder, chairman, president and CEO Eyal Waldman took advantage of the 52% jump in the company's share price following the publication of its financial report to sell 56,000 shares $3.2 million on Thursday.
In a filing with the US Securities and Exchange Commission (SEC) yesterday, Mellanox said that Waldman sold 36,663 shares at $55 per share (for a total of $2.02 million), and 19,998 shares at $60 per share, (for a total of $1.19 million).
A check by "Globes" found that, up to last Thursday's sales, Waldman was worth $133.4 million, making him one of Israel's wealthiest men. His fortune includes 4.4% of Mellanox (including options), worth $108.4 million, and $25 million worth of shares sold.
Waldman's fortune made it possible for him to buy an apartment in the Meier on Rothschild Tower in Tel Aviv for NIS 19 million earlier this month. He bought a 384-square meter half-floor apartment with a 25-square meter balcony on the 31st floor.
Mellanox's share price rose 30% in early trading on the TASE today to NIS 291.30, after falling 4.3% on Nasdaq yesterday to $58.87, giving a market cap of $2.36 billion.
Published by Globes [online], Israel business news - www.globes-online.com - on April 24, 2012
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