An executive at Rainbow Robotics sold a large number of shares, securing 12.4 billion won in cash. After Rainbow Robotics was incorporated as a subsidiary of Samsung Electronics at the end of last year, it appears they sought to realize profits as its stock price more than doubled.
According to the Financial Supervisory Service's electronic disclosure system on the 19th, Kim In-hyuk, the vice president of Rainbow Robotics, sold 30,000 out of the 55,000 shares (0.28% equity) he held on the 14th. The disposal price was based on the settlement day's selling price of 413,796 won per share, making the total transaction amount 12.413878 billion won.
The reason Kim sold his equity was that the company's stock price had risen significantly this year. After closing at 162,700 won on Dec. 30, Rainbow Robotics rose 156% to 417,500 won in just a month and a half the day before.
Born in 1980, Kim joined Rainbow Robotics as a non-registered full-time executive after earning his doctorate in engineering from the Korea Advanced Institute of Science and Technology (KAIST) in 2013. He moved to Naver in 2015 but returned to Rainbow Robotics in 2023. He noted that the reason for disposing of the shares was "household living funds and securing funds."