October 18, 2022 1:26pm EDT
Paul Pelosi exercises $1M Google stock call options before Dems introduce congressional stock trading ban
Pelosi bought the call options in December 2021 and exercised them on Sept. 16
By Timothy Nerozzi FOXBusiness
Paul Pelosi, husband of House Speaker Nancy Pelosi, exercised call options on at least $1 million worth of Alphabet stock ahead of last month's bill banning members of Congress from purchasing individual stocks.
Paul Pelosi exercised call options on anywhere between $1 million and $5 million worth of Alphabet stock on Sept. 16, after which they would have expired.
Paul Pelosi originally purchased the right to buy Google stock at a given price in December 2021. Alphabet is the parent company of tech heavyweight Google.
Nancy Pelosi noted the purchase on Friday via an official congressional disclosure.
The disclosure shows that Paul Pelosi exercised the call options one week before a bill was introduced to the House of Representatives that bans the trading of individual stocks by congress members and their spouses.
The bill was backed by Nancy Pelosi.
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https://www.foxbusiness.com/politics/paul-pelosi-exercises-1m-google-stock-call-options-dems-introduce-congressional-stock-trading-ban
