Another Facebook (FB) Insider Takes Some Off the Table, But Makes Peter Thiel Look Like Greedy Jerk
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Another big-time insider at Facebook (Nasdaq: FB) disclosed recent stock sales after the IPO lock-up expired, but this insider's selling pales in comparisons to Peter Thiel's Facebook stock sales, which has created an outrage among market participants and investors.
Co-founder Dustin Moskovitz disclosed the sale of 450,000 shares from 08/17-08/21 at prices from $19.38-$19.99.
Moskovitz also converted 7,500,000 Class B shares to Class A shares. He had a total of 133,698,645 Class B shares before the sales, suggesting he now owns 133,248,645 shares.
The sales amounted to 6% of Mr. Moskovitz's converted Facebook stock and just 0.3% of his total holding. This versus Mr. Thiel's sales, which amounted to 78% of his remaining position.
Co-founder Dustin Moskovitz disclosed the sale of 450,000 shares from 08/17-08/21 at prices from $19.38-$19.99.
Moskovitz also converted 7,500,000 Class B shares to Class A shares. He had a total of 133,698,645 Class B shares before the sales, suggesting he now owns 133,248,645 shares.
The sales amounted to 6% of Mr. Moskovitz's converted Facebook stock and just 0.3% of his total holding. This versus Mr. Thiel's sales, which amounted to 78% of his remaining position.
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