🔴 XTB is trading 10.20% down today after founder’s vehicle sold an 8% stake

XTB is trading at PLN 156.52 (-10.20%) after founder Jakub Zabłocki’s investment vehicle sold 8% of XTB at PLN 160.

• The sale involved 9,405,540 shares at an 8.2% discount to September 2’s close, creating substantial immediate supply pressure.
• KNF upheld a PLN 20 million fine, leaving an earlier regulatory overhang.
• Crypto markets were modestly positive and do not explain the decline.