Oddity (ODD) Tech Ltd. announced the sale of 5.5M shares of its Class A ordinary shares by an entity affiliated with Oran Holtzman, Oddity co-founder and CEO. The transaction will enhance the free float and trading liquidity of Oddity stock. Holtzman has no plan or intention to sell additional shares of the company’s stock, and he intends to preserve his control in the company. As part of the transaction, Holtzman has entered into a lock-up agreement for a period of 1 year. Following the transaction, Holtzman holds an approximately 23% ownership stake in the company and controls a majority of the voting power. Oddity has not received any proceeds from the transaction.
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