Beyond Meat falls after CFO sells over $5 million worth of shares

Shares of Beyond Meat are sinking after its Chief Financial Officer Mark Nelson disclosed late Friday the sale of 70,000 shares at a price of $81.11, netting the executive over $5.6M. Beyond Meat in late morning trading is down 4%, or $3.09, to $76.86. Nelson still owns 367,306 shares of the protein-based burger producer. While Beyond Meat CEO Ethan Brown has pledged not to sell any shares, other executives have also been reducing their stakes, including Chief People Officer Cari Soto and Chief Growth Officer Charles Muth, who both sold shares last week, according to regulatory filings.