Barnes & Noble retail CEO Mitchell Klipper has sold off a majority of his stock in the company over the past few days, according to an SEC filing.
Klipper sold around 400,000 shares, which is about two-thirds of his total stock in the company since August 22nd. He was able to cash out around $5.5 million through that sale.
Last week, Barnes & Noble reported that they will not be spinning off the Nook e-reader division.
Barnes & Noble chairman Leonard Riggio also announced that he would no longer pursue a sale to take the retail stores private.