Selling those Class A shares is still exiting a position in Class A.
But you're definitely right about the context!
He merely converted some Class B shares (non-publicly traded with 10X voting rights) to Class A (publicly traded) in order to sell them.
Selling those Class A shares is still exiting a position in Class A.
But you're definitely right about the context!
He merely converted some Class B shares (non-publicly traded with 10X voting rights) to Class A (publicly traded) in order to sell them.