| Former Red Hat CEO Becomes a Seller |
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As Red Hat struggles to move off its lows, a former chief executive officer has sold $3.1 million of the open-source software company's stock.
On Monday and Tuesday Matthew Szulik, who remains chairman and a director, sold 150,000 shares for $3.1 million, or $20.50 each. He continues to own 1 million shares and 5 million stock options, giving him control of 3.1% of Red Hat stock outstanding.
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