Compass Execs Sirosh and Wilkie sell big chunks of stock

Danielle Wilkie (left) sold most of her Compass shares, while Joseph Sirosh sold 40% of his. (LinkedIn, Microsoft)

It’s sales season for two key Compass executives.

Compass CTO Joseph Sirosh sold just over 220,000 shares of the company in three trades this week, according to SEC filings. After the trades, Sirosh has just under 330,000 Class A shares remaining, meaning it has sold around 40% of its Class A shares.

Sirosh sold his shares between $3.66 and $4.04, bringing him a total of just under $870,000, deposits show. His remaining Class A shares, currently priced at $3.62, are worth about $1.2 million.

Meanwhile, Danielle Wilkie, head of customer success at Compass, cashed out nearly all of her company’s stock this week, selling more than 33,000 shares at an average price of $4.03. The sale, which netted Wilkie just over $135,000, leaves him with a nominal amount of equity in the company, just 302 shares that would today be worth less than $1,100.

Compass declined to comment on the stock sales. As officers of the company, Sirosh and Wilkie sold their shares through 10b5-1, which allows insiders to plan trades in advance under SEC laws.

Sirosh joined Compass in December 2018 from Microsoft, where he led the expansion of the company’s AI and cloud data products. Wilkie joined the firm in July 2019, from NBC.

Compass shares are down around 62% this year, compared to Redfin (down 74%), Douglas Elliman (down 46%) and Anywhere (down 33%). During its earnings call on Monday, the company said it lost $101 million in the second quarter and $289 million in the first half. Looking ahead, it cut its revenue forecast by about $1.5 billion, pointing to a tough housing market, and said it would take steps to achieve profitability.

The company has seen its target price lowered by a number of banks this week, including Morgan Stanley, Goldman Sachs and Barclays, with which it has a revolving credit facility.

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