2 ms·
He didn't exit class A, he didn't hold it in the first place. Instead, he converted a small percentage of his class B into class A, and sold it.
by fra 6y ago
He didn't exit class A, he didn't hold it in the first place. Instead, he converted a small percentage of his class B into class A, and sold it.
- BukhariH 6y agoConverting from Class B -> Class A opens a position in Class A. Selling those Class A shares is still exiting a position in Class A. But you're definitely right about the context! He merely converted some Class B shares (non-publicly traded with 10X voting rights) to Class A (publicly traded) in order to sell them.