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SolarWinds majority owners Silver Lake and Thoma Bravo sold US$286 million of stock just before the company announced a new CEO and disclosed a cyberattack. The private equity firms disposed of more than 13 million SolarWinds stock shares at US$21.97 per share on Dec. 7, two days before the IT infrastructure management firm announced Pulse Secure’s Sudhakar Ramakrishna as its next CEO. Four days after that, SolarWinds disclosed that it had experienced a highly sophisticated, manual supply chain attack on certain versions of its Orion network monitoring product. SolarWinds’ stock is now tr...

$286M Of SolarWinds Stock Sold Before CEO, Hack Disclosures Silver Lake and Thoma Bravo said they weren’t aware of the cyberattack at the time of the sale, but didn’t respond to questions about whether they knew Sudhakar Ramakrishna had been selected as SolarWinds’ next CEO. By Michael Novinson December 16, 2020, 12:45 PM EST SolarWinds majority owners Silver Lake and Thoma Bravo sold $286 million of stock just before the company announced a new CEO and disclosed a cyberattack. The private equity firms disposed of more than 13 million SolarWinds stock...

Investors in breached software firm SolarWinds traded $280 million in stock days before hack was revealed Drew Harwell and Douglas MacMillan, The Washington Post Dec. 15, 2020 FacebookTwitterEmail Top investors in SolarWinds, the Texas-based company whose software was breached in a major Russian cyberattack, sold millions of dollars in stock in the days before the intrusion was revealed. The timing of the trades raises questions about whether the investors used inside information to avoid major losses related to the attack. SolarWinds's share price has plunged about 22% since the company dis...