Mat Ishbia’s $6.9M Exit: A Dance of Capital and Destiny

Consider the ledger:
- Shares Sold: 1,192,712 (enough to buy a small principality in the Principality of Sealand)
- Post-Transaction Holdings: 1,818,036 indirect shares (a kingdom once larger, now diminished) and 279,989 direct (a king’s ransom, yet a pittance for a man who once held 7 million)
The weighted average price-$5.76-suggests no desperation, merely the steady hand of a chessmaster moving pieces across a board where pawns become queens and queens become ghosts.




