Reglikedomain industry desk

And Ambrose now own 5% of Rightside — .XYZ’s Negari

CXOs at .XYZ have invested $8.6 million in Rightside.

First it was Frank Schilling. Now two other domain name industry insiders are disclosing ownership in publicly traded domain name firm Rightside.

.XYZ founder and CEO Daniel Negari and COO Mike Ambrose disclosed a combined 5.2% ownership in Rightside today in an SEC filing. The disclosure is mandated since they now own more than 5% of the firm.

Negari paid regarding $4.5 million for his 2.7% stake in the firm, representing 511,885 shares. He paid an average of $8.80 per share counting brokerage fees.

Ambrose paid regarding $4.1 million for his 2.5% stake in the firm, representing 469,157 shares. He is invested at an average of $8.68 per share counting fees.

Shares are right now trading for $7.89, so both are underwater on their investments.

Frank Schilling disclosed a 5.5% stake in the firm last month.

Also on the wire

Other reporting from the domain desk.

Conference planned in Hong Kong to coincide with INTA meeting — Domain nameServicesConference planned in Hong Kong to coincide with INTA meeting — Domain nameIt’s fine, but not worth your time: Graen domain appraisal reviewServicesIt’s fine, but not worth your time: Graen domain appraisal reviewIs Verisign “immune from coronavirus”?ServicesIs Verisign “immune from coronavirus”?SServicesSedoPro Event in Key West, Florida — Scenes fromDomainTools retools websiteServicesDomainTools retools websiteNServicesName conference circuit is really, really busy — The domainGoogle introduces Search Console InsightsServicesGoogle introduces Search Console InsightsBill Sweetman unveils Name NinjaServicesBill Sweetman unveils Name NinjaICANN publishes initial list of RSPs for fresh top level domain namesServicesICANN publishes initial list of RSPs for fresh top level domain names