Jupiter chief executive Edward Bonham Carter has sold one million shares in the firm.
The transaction on 28 February came at 436.3818p per share, giving the disposal a value of around £4.36 million. It is the first time Bonham Carter has sold shares in Jupiter since last March, when he put a £750,000 stake on the market.
Bonham Carter, who is handing over the reins to Maarten Slendebroek on 17 March, continues to hold a little more than 12 million shares in Jupiter, accounting for a 2.62% interest, and remains a top 10 shareholder.
The news follows a strong trading update from Jupiter last week, in which it revealed pre-tax profit surged by 55% to £114.1 million and accompanied the news with a 43% hike in its dividend.
Shares in Jupiter ended last week at 436.8p, just shy of their 52-week high of 447.6p.