SEC Settles Insider Trading Charges Related to Blue Apron Acquisition

ADMINISTRATIVE PROCEEDING
File No. 3-22513

August 22, 2025 – The Securities and Exchange Commission today announced settled charges against David J. Minson of Vail, Arizona for insider trading in advance of a September 29, 2023 announcement that Blue Apron Holdings, Inc. would be acquired by Wonder Group, Inc.

According to the SEC’s order, Minson traded in the securities of Blue Apron based on inside information misappropriated from an immediate family member who was a senior executive at Blue Apron. As stated in the Commission’s order, between September 5 and 28, 2023, Minson placed orders to buy Blue Apron stock in breach of his duty of trust and confidence owed to the Blue Apron executive. On the day of the merger announcement, the Order states, Blue Apron stock closed at $12.88, more than 130% higher than the previous day, and Minson sold all his Blue Apron shares that same day, and obtained profits of $550,842.13.

The SEC’s order finds that Minson violated the antifraud provisions of Sections 10(b) and 14(e) of the Securities Exchange Act of 1934 and Rules 10b-5 and 14e-3(a) thereunder. Without admitting or denying the SEC’s findings, Minson consented to the issuance of a cease-and-desist order and agreed to pay disgorgement of $550,842.13, prejudgment interest of $41,606.34, and a civil penalty of $550,842.13.

The SEC’s investigation was conducted by Nicholas Chung, John Rymas, and Diana Tani of the Enforcement Division’s Market Abuse Unit, under the supervision of Market Abuse Unit Chief Joseph G. Sansone. The SEC appreciates the assistance of the Financial Industry Regulatory Authority.