Originally Posted by
Bilbo
In both cases it looks like they sold to pay off the loan which allowed them to buy the shares, e.g. from the filing. "A majority ofthe proceeds of the disposalwill be used to repay, in full,the executive loan made byXero Limited in favour ofRoss Jenkins in December2011."
Not sure what the terms of the loan were, but makes sense to clear it and retain the remainder of the shares which would be essentially free? IMHO that is prudent financial management and probably good timing on their part.