Rightmove managing director Ed Williams has sold 300,000 shares in the company at £12.42, pocketing around £3.7m.
His wife, Joanna Barkwill, also sold 1,600 shares at the same price.
The sales last Thursday, announced in accordance with City rules, mean they sold at a price close to the all-time high.
The total number of shares sold by the couple represented 0.28% of Rightmove’s shares. Williams disposed of 22% of his own shareholding.
However, he still retains just over one million shares and holds options over a further 2.2 million shares.
Also doing well out of Rightmove last Thursday was Nick McKittrick, the company’s chief operating officer and finance director. He ended the day £4.8m richer.
He exercised 388,364 options and sold all the shares immediately at the same price as Williams.
McKittrick retains 129,000 shares and options over some 1.1m further shares.
News of the disposals sent Rightmove’s share price down 1.7%.
It is not the first time that Rightmove’s boss, who has been managing director of the business since it started, has disposed of shares.
In June 2010, he sold almost half his shares in the company for £8m – just one day after Google Maps announced the launch of its UK property search. Days later, his wife bought around £500,000 worth of shares in an apparent gesture to show support.
The share price at that time was about half the current price.
Back in March 2007, Williams sold 300,000 shares.
Connells will be eyeing the latest disposals with mixed feelings: the company sold its 18% stake in Rightmove in December 2008 when the Rightmove share price was on the floor at £1.55.
In the last fortnight, the price has touched a top of £13.07.
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