Atea ASA insiders exercise and sell stock options

On October 24, Juha Sihvonen and Steinar Sønsteby, primary insiders at Atea ASA, exercised stock options at a strike price of NOK 118.25. Sihvonen exercised 20,000 options, receiving rights to 3,996 shares. After tax withholding, he obtained 2,158 shares, which he then sold for NOK 150.71 per share, totaling NOK 325,232.18. Sønsteby exercised 100,000 options, which converted into rights to 19,982 shares. Following tax withholding, he received 10,511 shares, which he also sold at NOK 150.71 per share, for a total of NOK 1,584,112.81.

These transactions are part of a broader employee stock option exercise, where a total of 227,241 options were exercised and converted into rights to 45,408 Atea shares. After tax withholding, employees received rights to 24,064 shares.

Following these activities, Juha Sihvonen now holds 400,000 options, 248 shares, and 119 RSUs in Atea ASA. Steinar Sønsteby holds 900,000 options, 125,211 shares (including those held through SS Holding AS), and 102 RSUs. Atea ASA's treasury now holds 1,008,676 of its own shares.