Peter Thiel Sells 20M Facebook (FB) Shares
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Billionaire Peter Thiel disclosed the sale of 20,058,068 Facebook (NASDAQ: FB) shares from 08/16-8/17 at prices from $19.27-$20.69.
The sales follow the recent IPO lock-up expiration, when 271,123,815 shares became available to be sold by selling shareholders. Over the next nine months a total of 1.91 billion shares will be freed up.
Mr. Thiel's remaining holding is 5,586,582 shares.
The sales reported on the Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Mr. Thiel on May 18, 2012.
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The sales follow the recent IPO lock-up expiration, when 271,123,815 shares became available to be sold by selling shareholders. Over the next nine months a total of 1.91 billion shares will be freed up.
Mr. Thiel's remaining holding is 5,586,582 shares.
The sales reported on the Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Mr. Thiel on May 18, 2012.
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