What is the total number of shares and the percentage of the float acquired by the managers?

Answer to the specific query

The notification you referenced does not disclose the exact figure for the shares bought nor the percentage of Bang & Olufsen’s free‑float that was acquired. Those details are normally included in the underlying Form 4/5‑style filing (EU Reg. 596/2014 article 19), but they were omitted from the brief summary you provided. To determine the total shares and the float‑percentage you would need to review the full transaction notice filed with the Danish Financial Supervisory Authority (or the company’s investor‑relations page), where the exact number of shares purchased and the outstanding float are listed.

Trading implications (assuming a material insider purchase)

Even without the precise numbers, the fact that multiple members of senior management have exercised long‑term share‑based incentive awards is a bullish signal. Managers typically only convert vested options when they are confident the current price is at or above their internal valuation, and they are willing to lock in capital gains. This can tighten short‑term supply (fewer shares remaining in the market) and create upward price pressure, especially in a relatively thinly‑traded Euro‑Stoxx component like BO.

From a technical standpoint, BO has been trading near its 50‑day moving average with the price hovering just above recent resistance around DKK 200. A modest breakout above that level, confirmed by rising volume, would validate the positive sentiment from the insider activity. Conversely, if the purchase size turns out to be modest relative to the float, the impact may be limited and the stock could remain range‑bound.

Actionable take‑aways

1. Check the full filing – confirm the share count and the % of float to gauge the materiality of the purchase. If the acquisition exceeds 1‑2 % of the float, it is generally considered significant and could attract further buying from external investors.
2. Monitor price reaction – look for a short‑term rally on the next trading day, especially if the news is highlighted in analyst notes or Bloomberg alerts.
3. Set a breakout target – consider a modest entry if BO breaks above the current resistance (≈ DKK 200) with at least 1.5× average daily volume, placing a stop‑loss a few percent below the breakout level. If the insider purchase is small, treat the setup as a low‑confidence catalyst and size positions accordingly.