IVZ Share Price, page-7234

My hunch would be Bin Liu. It's not his style to take the risk with all those heads. He was also involved in the Sasanof (PRM/GLV) spud placements and sold the heads early and based on their annual reports, the free oppies too (they were listed).

The most recent top 20 dated 21 September 2022:



Bin Liu and his wife held 12,433,723 shares as of 21 September 2022.

If we look at the March 21 2022 top 20 from the Invictus website: Bin Liu nor his wife Chunyan Niu are listed. We can ascertain that they participated in the 20c (Chunyan Niu) and 23c (Bin Liu) placements post 21 March 2022.



We know for a fact because of the IVZO top 20:


He is a trader and already has immense exposure with millions of free options. I can't see him risking 12,433,723 heads as well. The 35c oppies are listed and would provide insane upside potential should a discovery be made.

Not that it matters who sold... but It had nothing to do with leaking imo.