Webull Stock Drops After CFO's Spouse Sells Shares
On September 16, 2026, Webull Corporation (NASDAQ: BULL) stock fell by approximately 6.5% after its Chief Financial Officer, Wang Haichen’s spouse sold 55,000 shares at an average price of $8.98 per share, generating nearly $494,000 in proceeds. The sale was disclosed via a Form 4 filing with the SEC and had been previously hinted by Webull's notice that a family member would file such a report. While some investors were unsettled by this move, it may have been motivated by tax considerations related to restricted stock units granted earlier in November 2025. Analysts suggest there is no immediate cause for alarm given the spouse still holds over 772,000 shares and that insider selling of this nature does not necessarily indicate a lack of confidence. However, concerns remain about Webull's high valuation at around 110 times trailing earnings.
Tickers: $BULL
Topics: CFO sale Form 4 filing NASDAQ: BULL Webull