Facebook Execs Start Selling Stock
by TechCrunch
By Josh Constine
Facebook’s executives gained the right to sell stock this week, and three are now starting to cash out. SEC docs show COO Sheryl Sandberg is selling 352,904 shares to pull in $7,440,696.93. That’s just 1.91% of her current, massive personal stake, and 1.74% if you include her trusts. General Counsel Ted Ullyot is selling a little, too. However, Chief Accounting Officer David Spillane is selling over 61%. That’s 256,000 shares out of the 416,000 he was just awarded, which could worry Wall Street. read more »
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