According to Haaretz, Marius Nacht, the chairman of Check Point Software Technologies and one of the company’s three founders, has quietly sold off more than 40% of his stake in the company. A 5.2% stake, or about 10 million shares at an average price of $81 per share.
The newspaper is citing documents filed with the U.S. Securities and Exchange Commission.
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Cyber security technology Check Point, was established in 1993, by CEO Gil Shwed, Chairman Marius Nacht and Shlomo Kramer, who left Check Point in 2003.
BiondVax Receives $2.8 million Investment from Marius Nacht fund
By 1996 the company was named worldwide firewall market leader with a market share of 40 percent. In June 1996 the company has raised $67 million from its IPO on NASDAQ. As for 2015 Check Point’s Revenue $1.6 billion with 4,000 employees.
The SEC filing shows that Marius Nacht sold the shares over the course of 2016, when the price of a Check Point share on Nasdaq rose to $85. His remaining 6.8% stake in Check Point is worth about $1.2 billion.
Gil Shwed and Shlomo Kramer retain more than a 24% stake in the company, making them the single biggest shareholders.
In January, Angels Investments, a company fully owned by Marius Nacht has invested in BiondVax Pharmaceuticals Ltd. approx $2.83 million, in exchange for 33.8 million ordinary shares.
