XTB Shareholder Reshuffle: Zablocki Offloads $194M in Shares

XTB Shareholder Reshuffle as co-founder Jakub Zablocki offloads $194M in shares, retaining strategic investor position. Jakub Zablocki, the co-founder of XTB, has offloaded over 9.4 million shares in the Polish online trading firm at PLN 78 per share, accumulating PLN 733.6 million (approximately $194 million), based on recent regulatory disclosures.

XTB Shareholder Reshuffle Amid $194M Sell-Off

The transaction was executed through XX ZW Investment Group, Zablocki’s investment vehicle. This latest divestment equates to roughly 8 percent of the company’s total share capital.
Before this sale, Zablocki controlled 43.78 percent of XTB. His holding has now declined to 35.78 percent. The shares were sold at a 7.7 percent discount to XTB’s share price at Monday’s market close.
“The shareholder’s intention is to remain a strategic investor in the company and to continue to support the company in its dynamic development,” XTB mentioned in its official statement (translated from Polish).

Zablocki was XTB’s CEO until early 2017 and stayed on the board until October last year. He now serves as an Advisor to the Board.

Zablocki Continues Liquidation

Although Zablocki continues to be XTB’s biggest shareholder, he has been steadily selling his shares over the last two years. In May 2023, he disposed of shares worth $64.5 million, followed by two more significant transactions in 2023 — one in February for $119.4 million and another in September for $135 million.

His current holdings are now under a 180-day lock-up, preventing further share sales for the next six months.

Meanwhile, XTB maintains strong momentum, expanding both its geographical footprint and product lineup. It has surpassed BM mBank to become Poland’s largest brokerage in terms of account numbers. As per FinanceMagnates.com, the broker onboarded 25,400 new accounts in April, pushing its total in Poland to 491,700.

Zablocki’s continued share sales mark a strategic rebalancing of his investment while maintaining influence as XTB’s largest shareholder. As the company accelerates its growth and cements its market leadership in Poland, his ongoing advisory role and stated commitment suggest a sustained interest in XTB’s long-term success.

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