Gen Digital Inc. (NASDAQ: GEN) disclosed that Ondrej Vlcek, a company director, sold 200,000 ordinary shares on August 27, 2026, at a price of $30 per share, totaling $6 million. The transaction was executed by Kathryn White, acting as attorney-in-fact for Vlcek, and filed with the U.S. Securities and Exchange Commission on August 28, 2026.
After the sale, Vlcek retained direct ownership of 3,332,904 shares and an additional 302,000 shares held indirectly through the Vlcek Family Foundation. The company’s stock price rose to $31.02 following the transaction, near its 52-week high of $31.29, reflecting a 39% increase over the past six months.
Gen Digital reported first-quarter results that exceeded Wall Street expectations. Adjusted earnings per share reached $0.71, surpassing the estimated $0.69, while revenue totaled $1.34 billion, exceeding the forecast of $1.27 billion. Revenue grew 11% year-over-year, marking the fastest expansion pace since the company’s founding. Contract reserves also increased by 11% compared to the prior year.
