The eyes of many fund managers and stock market analysts are zooming in once again on ASX glamour stock Afterpay following the resignation of longstanding executive director, David Hancock.The company announced Hancock's departure from the board last night in what could be a precursor to an intriguing new chapter in the company's ostentatious storyline.Hancock controls more than A$120 million worth of options and shares in Afterpay and restrictions on his ability to sell part or all of his stake expired yesterday.While Afterpay's two other executive directors - Anthony Eisen and Nick Molnar - pledged in July not to sell shares in the company for 12 months, Hancock notably gave no similar commitment.The timing of his departure, which was foreshadowed in the AFR's Rear Window column last week, is a strong indication that he might be preparing to offload a large chunk of his stake in the company.Given the controversies surrounding Afterpay - most notably AUSTRAC's concerns that the firm might have breached anti-money laundering laws - Hancock's freedom to sell might have been constrained if he remained a director.Afterpay's share price is now trading near its record peak as investors continue to back the company's lofty strategic aim of disrupting global personal finance providers such as Visa and Mastercard.The resolve of some Afterpay investors might be tested if recent media commentary is shown to be accurate and Hancock becomes a vendor of his shareholding.While it is debatable whether market expectations of his selling intentions will wipe some of the shine from the share price, Hancock last night was giving no hints about his motives for exiting the boardroom.Comments attributed to Hancock, which were published in the company's statement to the ASX, reflected mostly on Afterpay's past. "During my time on the board, I have been impressed with the execution of Afterpay's strategy that has delivered outstanding results for shareholders, customers and our merchants," he told the ASX in the company filing. "The company through its staff and merchant partners has achieved so much in a short period of time and I am happy to have played a part in that development with the wider team and founders."