Xero (ASX:XRO) CEO Sukhinder Singh Cassidy sold all of her ordinary shares in the company for about AU$2.2 million to help manage personal tax obligations, according to a Monday filing with the Australian bourse.
Cassidy sold all 29,608 shares at AU$74 each on July 7 but retained 171,381 restricted stock units and over 1 million unlisted options, per the filing.
The company's shares fell about 4% in recent Monday trade.
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