Major owner of ProPhase Labs just disposed of 364,950 shares

Ted William Karkus, a major owner of ProPhase Labs and ProPhase Labs's CEO & CHAIRMAN and a director of the company, recently disposed of 364,950 shares of the company. The disposals took place at $2.30 per share, on September 29, 2017. Karkus still owns 2,309,638 shares of the company. Karkus operates out of Doylestown, PA. Some additional info was provided as follows:

These shares were sold to the Issuer through the tender offer by the Issuer for 4,000,000 shares of its common stock.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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