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Catapult Director Rebalances Equity Holding Through Option Exercise and Share Sale

Story Highlights
  • Catapult director Willians Lopes exercised over two million TIP options to acquire shares.
  • Lopes sold part of the new shares, boosting indirect holdings while retaining LTI rights.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Catapult Director Rebalances Equity Holding Through Option Exercise and Share Sale

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Catapult Group International ( (AU:CAT) ) just unveiled an announcement.

Catapult Sports has disclosed a change in the interests of director Mr Willians Lopes, who has exercised 2,185,098 TIP options to acquire fully paid ordinary shares and subsequently sold a portion of these shares on market. Following the transaction, Lopes no longer holds the TIP options directly and now retains an increased indirect holding of 2,452,833 fully paid ordinary shares through the Catapult Sports Employee Share Plan Trust, while maintaining his existing long-term incentive performance rights, signaling a rebalancing of his equity exposure between options and ordinary shares.

The most recent analyst rating on (AU:CAT) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on Catapult Group International stock, see the AU:CAT Stock Forecast page.

More about Catapult Group International

Catapult Sports Ltd, part of Catapult Group International, operates in the sports technology sector, providing performance analytics and wearable tracking solutions to professional and elite sports teams globally. Its products and services focus on data-driven athlete monitoring and performance optimization across key international sports markets.

Average Trading Volume: 2,291,949

Technical Sentiment Signal: Hold

Current Market Cap: A$1.16B

For a thorough assessment of CAT stock, go to TipRanks’ Stock Analysis page.

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