Bloomberg

Beyond Meat insiders rush to sell even as CEO stands pat

Ethan Brown, founder and chief executive officer of Beyond Meat Inc., at a TV interview during the company's Initial Public Offering at the Nasdaq MarketSite in New York on May 2, 2019. Foto: Bloomberg photo by Michael Nagle

Beyond Meat CEO Ethan Brown may not be selling his company shares anytime soon but that isn't stopping other executives from cashing out gains after restrictions ended last month.

CFO Mark Nelson is the latest executive to sell 70,000 shares for $5.7 million, reducing his stake in Beyond Meat by 16%, according to a filing. Last week, Chief People Officer Cari Soto sold 10,000 shares for $824,471, a separate filing showed. Chief Growth Officer Charles Muth sold 50,000 shares, while board member Bernhard van Lengerich shed more than 133,000 shares, according to regulatory filings...

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