Sunday, December 9, 2012

Sheryl Sandberg sells $26.2 million in Facebook stock

According to a regulatory filing, Facebook COO Sheryl Sandberg sold a total of 946,000 shares in two blocks on Wednesday, at a weighted average share price between $27.678 and $27.7403.

Forbes has previously reported that Sandberg?s total Facebook shares are worth over $420 million.

Marc Andreessen and early Facebook investor Jim Breyer, are amongst other board members who have also sold shares since the lock-up period ended.

Source: http://www.thedrum.com/news/2012/12/08/sheryl-sandberg-sells-262-million-facebook-stock

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