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Papa John's founder sells $6M in stock

Documents from the Securities and Exchange Commission show Schnatter has sold $6 million worth of his shares in the pizza company.

LOUISVILLE, Ky. (WHAS11) – Papa John’s founder John Schnatter now has a smaller investment in his company.

Documents from the Securities and Exchange Commission show Schnatter has sold $6 million worth of his shares in the pizza company.

Schnatter resigned as chairman of Papa John’s in 2018 after reports he used a racist slur during a meeting.

He resigned from the Board of Directors in March.

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