Hargreaves Lansdown director sells £3.7m shares

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Hargreaves Lansdown investment marketing director Ian Hunter has sold £3.7m of shares in the firm.

Hunter sold a total of 252,441 ordinary shares at a price of £14.67 per share, equating to 0.05 per cent of the ordinary shares issued.

Hunter sold 52,441 shares at a strike price of £6.87 and 200,000 shares at an exercise price of £4.476. He retains 570,621 shares representing 0.12 per cent of the ordinary shares in issue.

The move follows chief executive Ian Gorham’s sale of around £776,000 shares last week, while Chris Worle, group digital marketing director, sold almost £516,000 of shares in the same week.

Hargreaves Lansdown’s share price has risen 52.74 per cent in the past year, and 196.5 per cent in the past five years.