( May 23, 2019, 15:11 GMT | Official Statement) -- MLex summary: Papa John's founder and former CEO John Schnatter has reduced his holding in the pizza chain to 18.95 percent of outstanding shares, down from 30.98 percent, according to a filing with the US Securities and Exchange Commission. Schnatter, who remains the company's largest investor, sold roughly 392,000 shares on the open market between May 10 and May 16 at an average price of about $51 per share, according to securities filing. On May 21, he sold a little over 3.45 million shares at $45.62 a share in a block trade to UBS Financial Services. Under the terms of that transaction he is precluded from selling additional shares for 90 days.See document below....
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