With Facebook’s stock price briefly topping its initial public offering tag of $38 per share Wednesday before closing at $36.80, will we start to see more of its top executives unload some of their shares? Chief Accounting Officer Jas Athwal revealed his Facebook stock sales in a Form 4 filing with the Securities and Exchange Commission Wednesday.
Athwal sold 25,375 class-A shares of Facebook common stock at $34.97 apiece, and another 125 shares at $35.65. He now holds 152,029 shares in the company.
Readers: Will the rebound in Facebook’s stock price trigger more sales by its top management?