As many as seven Facebook Inc (NASDAQ:FB) executives and directors exercised their restricted stock units, according to their latest Form 4 filings with the Securities and Exchange Commission. Subsequently, they converted their class-B Facebook Inc (NASDAQ:FB) shares into class-A common stock, and sold parts of it. They have also exercised RSUs in the past.
Facebook executives offload class-A shares
According to the Form 4 filing of the social networking giant’s CFO David Ebersman, he exercised 112,500 RSUs, and converted all of them into Class-A shares. Then he sold 56,291 class-A shares at an average price of $57.976. Ebersman still holds 333,145 shares of the Menlo Park-based company. Meanwhile, CTO Mike Schroepfer exercised 18,750 restricted stock units that were due Aug. 25, 2019, and another 59,952 RSUs due March 24, 2021. Schroepfer converted them to class-A common stock, and then sold 38,654 shares at $58.003. Now he owns 382,966 class-A Facebook Inc (NASDAQ:FB) shares.
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Sheryl Sandberg, chief operating officer of Facebook Inc (NASDAQ:FB), exercised 74,940 restricted stock units due March 24, 2021, according to her Form 4 filing. She converted 74,940 class-B stock to class-A and sold 36,690 shares of the common stock at $58 each. Sandberg now owns 10,628,421 shares of the company. Facebook Inc (NASDAQ:FB) general counsel and vice president Colin Stretch exercised 10,088 RSUs due March 24, 2021, and another 8,335 restricted stock units due May 19, 2020. He converted all of them into class-A common stock, and sold 7,226 common shares at $58 per share. Colin Stretch now owns 61,023 class-A shares in the social networking company.
Facebook directors didn’t sell any shares
Chief accounting officer Jas Athwal also exercised 3,729 RSUs due March 24, 2021, reveals his Form 4 filing. Athwal then converted them into class-A shares. Athwal sold 1,501 Facebook Inc (NASDAQ:FB) shares at $58 per share. Now he owns 151,307 class-A shares in the company. Director Reed Hastings exercised 1,250 RSUs, and converted all the 1,250 class-B shares to Class-A common stock. His holding in Facebook Inc (NASDAQ:FB) has increased to 59,062 shares. Another director, Erskine Bowles, also exercised 1,250 restricted stock units, and converted them to class-A common stock. Now he owns 11,666 shares of the company. Neither of the directors sold any shares.
Facebook Inc (NASDAQ:FB) shares jumped 1.89% to $57.37 at 10:48 AM EST.