The chairman of apparel designer and retailer Guess Inc. sold 375,000 shares of common stock, according to a Securities and Exchange Commission filing.
In a Form 4 filed Wednesday with the SEC, Maurice Marciano reported he sold the shares Tuesday for $42.05 and $42.20 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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