Off-market insider selling at Propel Holdings (PRL)

Off-market insider selling at Propel Holdings (T:PRL)

Clive Kinross, CEO and Director, disposed of 1,000,000 Common Shares on an indirect ownership basis for registered holder Kincan Holdings Inc. at a price of $14.720 through a private transaction on March 19th, 2024. This represents a $14,720,000 divestment of the company's shares and an account share holdings change of -15.6%.

Gary Edelstein, a Senior Officer, disposed of 38,623 Common Shares on a direct ownership basis at a price of $14.720 through a private transaction on March 19th, 2024. This represents a $568,531 divestment of the company's shares and an account share holdings change of -3.3%.

Propel Holdings is in the Consumer Lending Sub Industry Group under the Financials Sector.

Propel Holdings Inc. is a Canada-based financial technology (fintech) company focused on credit inclusion by facilitating access to credit through its online lending platform. The Company, through its brands, offers credit solutions to consumers in Canada and the United States. Through its end-to-end, artificial intelligence (AI)-powered online lending platform, it facilitates access to credit products for underserved American and Canadian consumers who struggle to access credit from mainstream credit providers. It operates three consumer-facing brands, which directly offer or facilitate access to credit: MoneyKey and CreditFresh in the United States and Fora Credit in Canada, in addition to the Pathward Lending-as-a-Service program. The two types of credit products available through the Propel platform are Installment Loans and Lines of Credit. In the United States, the MoneyKey direct lending program and CreditFresh Bank Programs are supported by two revolving credit facilities.