Many Facebook Inc (NASDAQ:FB) executives recently exercised their restricted stock units, according to their Form 4 filings with the Security & Exchange Commission. Among those were Facebook Inc (NASDAQ:FB)’s chief financial officer David Ebersman, vice-president and general counsel Colin Stretch and chief technology officer Mike Schroepfer. Meanwhile, Schroepfer and Business & Marketing Partnerships head David Fisher offloaded some of their holdings.
Some Facebook executives offload shares
David Ebersman exercised 112,500 restricted stock units that were scheduled to expire on October 25, 2019, according to All Facebook. He got 53,797 class-A shares after Facebook Inc (NASDAQ:FB) withheld 58,703 shares to meet the remittance and income tax withholding obligations. Now he owns 200,056 shares of Facebook Inc (NASDAQ:FB). Last week, Ebersman sold 500K class-A shares of the social networking giant at an average price of $50.019. The two other blocks of 11,700 shares were sold at $50.55 and $48.59 respectively.
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General counsel Colin Stretch exercised 8,330 restricted stock units that were going to expire on May 19, 2020. Of that, Facebook Inc (NASDAQ:FB) withheld 4,347 shares to meet income tax and remittance obligations, and gave Mr. Stretch 3,983 shares. Colin Stretch now owns 49,826 shares of Facebook Inc (NASDAQ:FB).
Mike Schroepfer exercised 18,750 restricted stock units. His RSUs were scheduled to expire on August 25, 2019. Schroepfer received 8,966 class-A shares after Facebook Inc (NASDAQ:FB) withheld 9,784 shares. Filings show that Schroepfer has also offloaded 25,000 class-A shares at $53.25 each. So, now he owns 592,918 shares of Facebook Inc (NASDAQ:FB).
Last month, David Fischer had exercised 117,950 RSUs, which were going to expire on May 19, 2020. He received 56,403 class-A shares after Facebook Inc (NASDAQ:FB) withheld 61,547 shares to satisfy various obligations. Last week, he sold 36,000 class-A shares of Facebook Inc (NASDAQ:FB) in two blocks, one consisted of 18,000 shares sold at $50.55 each, and another 18,000 were sold at $51.03. After unloading those shares, Fischer owns 501,485 class-A shares of Facebook Inc (NASDAQ:FB). These executives, along with a few directors, had also moved on thousands of RSUs last month.
Facebook Inc (NASDAQ:FB) shares plunged 1.28% to $54.87 at 9:55 AM EST.