Knight Transportation Inc., Phoenix, Ariz., has announced that Kevin P. Knight, its chairman and chief executive officer, has sold 137,000 shares of the company's stock
to meet certain previously incurred funding obligations.
The company said when the sales are complete, Knight and affiliates that he controls will own approximately 8.5% of the company's issued and outstanding stock. Knight said he will continue to be a substantial shareholder of the company.
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