SAO PAULO :Nu Holdings, which runs Brazilian digital lender Nubank, said in a statement on Monday its Chief Executive Officer David Velez sold 33 million class A shares of the company through Rua California Ltd.
The sale, which was motivated exclusively for personal asset planning purposes, represents about 3.5 per cent of Velez’s shares in Nu Holdings, and 0.7 per cent of the total of shares issued by the company, the statement added.
