Plus500 Executives Sell £67 Million in Shares, Stock Drops 6%

Plus500 executives sell £67 million in shares, triggering 6% stock drop amid strong company performance and expansion.

Key Points:

• Executives sold 1.5 million shares, representing 2.14% of Plus500’s issued capital, first sales since the 2013 IPO.
• Plus500 maintains strong performance with $792 million earnings, $800 million cash, and ongoing international expansion.

Plus500 (LSE: PLUS) saw a sharp share price decline after executives sold £67.1 million worth of stock, briefly wiping out 10% of the company’s market value before shares settled down 6% at 4,430 pence.

CEO David Zruia, CFO Elad Even-Chen, and CMO Nir Zats sold a combined 1.5 million shares at £44.78 each to Goldman Sachs International as principal, with Panmure Liberum facilitating the transaction. The block represented 2.14% of Plus500’s issued share capital.

The sale followed January’s issuance of deferred bonus shares to Zruia and Even-Chen, each worth £8.5 million, under the company’s 2026 bonus scheme. The executives sold positions they had held since Plus500’s 2013 IPO, marking their first stock sales in 13 years.

Even-Chen sold 940,000 shares, cutting his stake from 2.2 million to 1.3 million. Zruia sold 451,000 shares, also reducing his holding to 1.3 million. Zats disposed of 109,000 shares, leaving him with 131,000, or 0.2% of the company.

Plus500 Executives Sell £67 Million in Shares, Stock Drops 6%

The bonus shares had risen roughly 20% in value before the sale, increasing Zruia and Even-Chen’s holdings to around £10.2 million and Zats’s to £144,000. The shares remain subject to vesting restrictions.

The executives agreed not to sell additional shares for 365 days, subject to waiver by Panmure Liberum, but the lockup did not prevent the initial stock drop. Plus500 shares have gained more than 200% since 2024 and remained up 22% year-to-date despite Tuesday’s decline.

The sale came days after Plus500 launched a $100 million share buyback program as part of $187.5 million in total shareholder returns. The company reported record results in 2025, with average customer deposits more than doubling to $26,900 and non-OTC business revenue surpassing $100 million.

Zruia and Even-Chen earned $4.97 million each in total compensation for the last financial year, including $1.09 million in fixed salary and $3.9 million in variable pay, with recent bonus shares further increasing their holdings.

Plus500 has expanded beyond its core CFD business, launching US prediction markets under Plus500 Futures, acquiring Mehta Equities in India for $20 million, and purchasing an Indonesian broker. The company reported that half its revenue now comes from customers trading over five years, signaling improved retention.

For 2025, Plus500 posted $792 million in earnings and $348 million in EBITDA, exceeding analyst expectations. BlackRock holds roughly 6% of shares, JPMorgan owns 5.1%, and both Artemis Investment Management and Capital Group have stakes above 5%.

The company maintained approximately $800 million in cash as of December 31, 2025, funding its buyback and geographic expansion initiatives. Whether that financial strength offsets investor concern over insider selling remains uncertain as the stock adjusts.

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