Facebook Inc (NASDAQ:FB) executives and board members unloaded their restricted stock units (RSUs) in large numbers on Thursday. The top-line executives of the company such as Chief Financial Officer David Ebersman, Chief Operating Officer Sheryl Sandberg, Chief Technology Officer Mike Schroepfer, Vice President and General Counsel Colin Stretch, Chief Accounting Officer Jas Athwal, and Directors Reed Hastings and Erskine Bowles revealed their activities by filing details with the Securities and Exchange Commission (SEC) (spotted by AllFacebook).
Facebook top executives exercising RSUs
CFO Ebersman sold 112,500 restricted stock units, which were to expire on October 25, 2019. He sold 33,000 Class-A shares of Facebook Inc (NASDAQ:FB) common stock at $58.7755, and 25,714 shares at $59.3884, and two blocks of 11,700 shares at $59.29 and $59.81 per share. At present, he owns a total of 330,703 shares in the social networker.
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Chief operating officer Sandberg unloaded 74,940 RSUs having an expiry date of March 24, 2021. She sold 19,400 Class-A shares at $58.764 a piece and another 19,712 at $59.3819. At present, Sandberg has 8,984,894 shares of Facebook class-A common stock.
Another prominent executive, Schroepfer exercised 18,750 restricted stock units, which were to expire August 25, 2019. Schroepfer also availed himself of 59,952 RSUs having expiry date March 24, 2021. He sold 15,600 Class-A shares of Facebook Inc (NASDAQ:FB) common stock at $58.8004 per share, and another 25,475 at $59.3587. He now holds 238,519 Facebook shares.
Vice President and General Counsel Colin Stretch exercised 10,088 RSUs that were set to expire March 24, 2021. He also offloaded 5,266 shares at $59.29 each, and now is left with 76,578 units.
A total of 3,728 RSUs that were set to expire March 24, 2021 were sold by Athwal, selling 1,947 Class-A common shares at $59.29, leaving him with 132,404. Hastings sold 1,250 restricted shares, which were due on June 21, 2021, and now holds 60,312 Facebook Class-A common shares.
Lastly, Bowles offloaded 1,250 RSUs with expiry in Sept. 5, 2021, and is now left with 12,916 Facebook Inc (NASDAQ:FB) shares.
Sandberg sold shares in March, also
In March, also, some Facebook insiders sold their shares including Sandberg. Some were anticipating at that time that she would exit Facebook Inc (NASDAQ:FB). However, selling shares does not establish that Sandberg is leaving. Apart from Sandberg, the social networker’s chief technology officer, Mike Schroepfer also unloaded around 25,000 shares of Class A common stock at just under $71 per share.