Finger Vice Chairman Minsu Park Sells 769,706 Shares in Block Trades, Stake Falls to 11.50% at KRW 17,000-18,000 Each

Minsu Park, non-registered executive and major shareholder of Finger, sold a total of 769,706 shares in off-market transactions on June 15, 2026, reducing his ownership from 17.91% to 11.50%, a 6.41 percentage point decrease.
The sale prices ranged from KRW 17,000 to KRW 18,000 per share, which exceeds the current market price of KRW 14,550.
Buyers include Montana40, Montana41, Unicorn Investment Union 1, and Seoryong Electronics; no details on the purpose or future plans were disclosed.
Separately, Finger completed a rights issue that increased total shares outstanding from 9,406,568 to 12,015,717, resulting in dilution for existing shareholders.
This large-scale insider selling raises concerns about governance stability and may exert downward pressure on the stock price despite the premium sale price.
[AI Summary]Finger Vice Chairman Minsu Park's off-market sale of approximately 8% of outstanding shares based on pre-issue count signals reduced insider confidence and governance risk, compounded by recent equity dilution from a rights issue. The identity of buyers and lack of transparency add to uncertainty, likely weighing on near-term share performance.