The great sell-off of insider-owned shares of Facebook Inc (NASDAQ:FB) continues this week with a host of Securities and Exchange Commission filings showing lots of activity this week. According to All Facebook, 12 different executives and directors exercised restricted stock units and / or sold off some Class A shares of the social network.
Facebook’s Sandberg unloads more stock
Facebook Inc (NASDAQ:FB) Chief Operating Officer Sheryl Sandberg has been unloading tens of thousands of shares of her company for months. This time around, regulatory filings indicate she exercised more than 43,000 restricted stock units scheduled to expire May 2, 2022.
The executive turned around and sold off 18,700 Class A shares at around $58 per share and an additional 3,845 shares at around $59 per share. She also sold almost 110,000 additional shares for a little over $58 a share and about 173,000 for a little under $59 a share. That hardly made a dent in Sandberg’s ownership of Facebook, Inc (NASDAQ:FB), however, as she still owns more than 8.1 million shares of the social network.
Other Facebook execs sell too
David Fischer, vice president of Business and Marketing Partnerships, exercised almost 118,000 restricted stock units that were scheduled to expire May 19, 2020. He sold just a little over half of them—61,547 to be exact—for just under $58 per share. That still left him with more than 435,000 shares of Facebook Inc (NASDAQ:FB), however.
Chief Financial Officer David Ebersman exercised 112,500 restricted units that were scheduled to expire Oct. 25, 2019 and sold 50,600 shares for a little over $58 apiece. He sold an extra 8,115 shares for a little over $59 each, leaving him with more than 350,000 shares of Facebook Inc (NASDAQ:FB).
Chief Product Officer Chris Cox exercised more than 86,000 restricted stock units scheduled to expire on Aug. 25, 2020 plus an additional 9,375 that would have expired on Aug. 25, 2019 and 9,375 more that were scheduled to expire on Aug. 19, 2019. The executive sold off 43,300 for about $58 each, another 6,785 for about $59 each and 9,375 more for a little under $58 a share. That left him with 620,706 shares of the social network after all those transactions.
Regulatory filings show that Chief Technology Officer Mike Schroepfer exercised almost 19,000 restricted units scheduled to expire Aug. 25, 2019. He sold off more than 9,700 shares for almost $58 each and donated 40,000 shares to a charity. That left him with more than 182,000 shares of Facebook Inc (NASDAQ:FB).
General Counsel Colin Stretch exercised nearly 7,700 restricted units scheduled to expire May 2, 2022 and about 6,400 that were scheduled to expire May 5, 2023. He sold 7,275 shares for nearly $59 each and 100 more at more than $59 each. That left him with 63,328 shares of the social network. Chief Accounting Officer Jas Athwal exercised almost 7,100 restricted shares that were scheduled to expire Aug. 25, 2020, about 500 scheduled for expiration on May 2, 2022, and 4,451 that would have expired May 5, 2023. He sold nearly 6,300 Class A shares for almost $58 each, leaving him with more than 135,000 Facebook shares.
Facebook directors also exercise and sell
Facebook Inc (NASDAQ:FB) directors Susan Desmond-Hellmann, Donald Graham, Erskin Bowles, Marc Andreessen and Peter Thiel also exercised restricted stock units and sold some shares. Desmond-Hellmann’s restricted units had been scheduled to expire April 12, 2013 and May 14, 2023. She didn’t sell any though, and now owns 13,575 shares of Facebook.
Graham, Bowles, Andreessen and Thiel each exercised 7,742 restricted stock units that were scheduled to expire May 14, 2023. After those transactions, Graham had almost 644,000 shares, while Bowles had more than 20,000 shares. After exercising his restricted stock, Andreessen had his first shares of the company, holding 7,742 after the transaction. Thiel donated all of the restricted units he had exercised to a charitable entity. That left him with 3,745 shares of Facebook Inc (NASDAQ:FB).
