Oddity Tech slides as CEO sells block of stock
Shares of Israeli-based online cosmetics retailer Oddity Tech ODD.O down 5.3% at $66.40 in extended trading after block sale news
Co says entity affiliated with co-founder and CEO Oran Holtzman offloaded 5.5 mln shares in Rule 144/unregistered block
Transaction to enhance free float and trading liquidity of the stock, co says
Holtzman has no intention to sell additional shares and entered a 1-year lock-up agreement, according to the statement
Following the transaction, Holtzman holds ~23% ownership stake and controls majority of the voting power
ODD has ~55.8 mln shares outstanding for ~$3.9 bln market cap and ~33 mln shares of public float, per LSEG data
Stock on Mon closed down 1.3% at $70.08 after hitting fresh record intra-day high of $73
Shares have surged nearly 50% since Apr 29, after owner of the IL MAKIAGE and SpoiledChild brands boosted its full-yr outlook despite looming tariffs
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