The chairman of apparel designer and retailer Guess Inc. sold 500,000 shares of common stock, according to a filing with the Securities and Exchange Commission.
In a Form 4 filed with the SEC on Monday, Maurice Marciano reported selling the shares on Thursday and Monday for $40 to $40.56 apiece.
Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.
Guess is based in Los Angeles.
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