Intel's CEO Pat Gelsinger to Invest $12 million in Company's New Shares

BlockBeats News, August 14, Intel CEO Pat Gelsinger subscribed to $12 million worth of Intel common stock at an offer price of $95 per share. The relevant information was disclosed in a prospectus supplement filed by Intel on the same day.

This subscription is part of Intel's latest $20 billion public offering and not a secondary market purchase. Intel had initially planned to issue $15 billion in common stock but later expanded the offering to $20 billion, issuing a total of 21,052,631.5 million shares and granting underwriters an option to purchase up to an additional 31,578,947 shares within 30 days.