As SM stock rises... Singer BoA exercises SM stock options for over 100 million won profit

Singer BoA.

[Asia Economy Reporter Ryu Tae-min] BoA, a non-executive director and singer at SM, exercised stock options and gained a profit of about 100 million KRW.

According to the Financial Supervisory Service's electronic disclosure system on the 28th, BoA exercised stock options on July 12 and acquired 6,000 shares of SM at 42,640 KRW per share. She then sold 4,046 shares at 62,494 KRW per share on July 29, and 754 shares at 76,106 KRW per share on the 7th of this month. The total profit from exercising stock options and the two stock disposals amounted to 105.56 million KRW.

Another non-executive director at SM, Kangta (An Chil-hyun), also received 6,000 shares through stock options but is reported not to have exercised them yet. Recently, SM's stock price has continued to soar, supported by rumors of the major shareholder's stake sale and expectations for the resumption of offline performances.

The closing price on that day was 78,000 KRW, with a year-to-date stock price increase of 162.18%.

This content was produced with the assistance of AI translation services.