WiseTech shares dive amid new reports about Richard White
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The news: Shares in WiseTech Global have fallen in morning trade after media reports that corporate regulator ASIC had received a recording of a phone call that potentially casts doubt on founder Richard White’s defence against insider trading.
The numbers: At 12:28pm AEDT, shares in WiseTech Global had fallen 4.7% to $40.84, outpacing the 1.2% loss in the wider tech sector.
The context: According to reporting from the Herald, The Age and The Australian Financial Review, ASIC has received a recording of a phone call in which White appears to be negotiating a financial settlement with an employee.
This allegedly occurred during a period when White was officially stood down as CEO and director of WiseTech and was serving in what the company characterised as a “full-time, long-term consulting role”.
White is currently under investigation by ASIC for trading during a blackout period.
White previously justified the trading by saying he obtained legal advice in advance and was not an executive or director when he sold 1.87 million shares between December 2024 and February 2025.
An internal WiseTech investigation that wrapped up in December 2025 found no evidence that now-executive chair Richard White had inappropriately used company funds.
He initially stepped down from an executive role at WiseTech after a personal scandal.
WiseTech declined to comment.
The sources: The Sydney Morning Herald, The Australian Financial Review
