GameStop Chairman Ryan Cohen has filed to sell his entire stake in Bed, Bath & Beyond (BBBY).
A Form 144 filing with the SEC dated August 17 revealed that Cohen's RC Ventures, which holds an 11.8% stake in the struggling retailer, is planning to sell the entirety of its stake in the company within the next 90 days.
A Form 144 filing is used when affiliates of a company plan to sell more than 5,000 shares, or $50,000 worth of stock, that isn't otherwise registered — such as through a 10b5-1 pre-planned stock sale.
BBBY stock, which are up more than 350% in August, fell around 10% afterhours following a 11% rise during Wednesday's session.
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