Magellan Financial Group (ASX:MFG) director John Eales sold 59,550 units in Magellan Global Fund for AU$3.40 apiece, according to a Monday filing with the Australian bourse.
The total number of units he owns in the fund now stands at 126,696.
Magellan Financial's shares were down nearly 1% in recent Monday trade.
Price (AUD): $11.19, Change: $-0.06, Percent Change: -0.58%