Webull Stock Drops After CFO's Spouse Sells Shares
On September 16, 2026, Webull Corporation (NASDAQ:BULL) stock dropped by over 11% after the company’s Chief Financial Officer, Wang Haichen, filed a Form 4 with the SEC disclosing that his spouse sold 55,000 shares of Webull at an average price of $8.98 per share for total proceeds just under $494,000. The sale raised concerns among investors and contributed to the stock's decline early in the trading session. However, analysts suggest that this transaction may not be a significant cause for alarm since it was likely related to tax obligations on restricted shares granted earlier. The spouse still holds over 772,046 Webull shares post-sale. While the sale itself is notable, broader concerns about Webull's valuation—currently trading at around 110 times trailing earnings—are also influencing investor sentiment.
Tickers: $BULL
Topics: CFO sale Form 4 filing SEC disclosure Webull