An amended 13D filing with the SEC indicates that Barnes & Noble executive chairman Len Riggio and his wife Louise gave 2.8 million shares of stock in the bookseller to The Riggio Foundation in 2017. (A year-end gift of 1.45 million shares came weeks after Riggio purchased a million shares in the company personally.) The foundation holds close to 6 million shares of Barnes & Noble stock now (8.1 percent of shares outstanding), out a total stake for the Riggios of just over 14 million shares, or 19.2 percent of the common stock. The filing also reiterates the situation regarding […]
