Facebook (FB) COO Sandberg Sells 176.5K Shares
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After markets closed, one Facebook (Nasdaq: FB) exec disclosed a sizable sale of their holdings.
According to a Form 4 with the U.S. SEC, COO Sheryl Sandberg disclosed selling 169,756 shares of Facebook on April 8th. Average selling price was $26.8844 for gross proceeds of $4,563,788.
Following the sales, Sandberg holds 16,186,662 shares directly.
Sandberg also sold 6,696 shares from the Sheryl K. Sandberg 2008 Annuity Trust dated April 15, 2008. Those sales were made for an average price of $26.879. The Trust has 1,751,590 shares being held indirectly following the sales.
Both sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
According to a Form 4 with the U.S. SEC, COO Sheryl Sandberg disclosed selling 169,756 shares of Facebook on April 8th. Average selling price was $26.8844 for gross proceeds of $4,563,788.
Following the sales, Sandberg holds 16,186,662 shares directly.
Sandberg also sold 6,696 shares from the Sheryl K. Sandberg 2008 Annuity Trust dated April 15, 2008. Those sales were made for an average price of $26.879. The Trust has 1,751,590 shares being held indirectly following the sales.
Both sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
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