Facebook (FB) CEO Zuckerberg Won't Sell Shares for One Year
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Facebook (FB) CEO Zuckerberg Hasn't Adopted 10b5-1 Trading Plan, Will Waive Market Stand-Off Position
September 4, 2012 4:46 PM EDTFacebook (Nasdaq: FB) intends to waive its market stand-off provision and the CEO Mark Zuckerberg hasn't adopted a rule 10b5-1 trading plan yet.
From an 8-K filed with the U.S. SEC:
"Our employees are subject to market-stand-off provisions that prohibit them from selling or otherwise transferring any of their common stock or securities convertible into or exchangeable for shares of common stock until November 14, 2012. We intend to waive this market stand-off provision to allow our employees who were employed by Facebook through October 15, 2012, to sell shares held by... More
