Mike Schroepfer, Colin Stretch Sell More Facebook Stock As Shares Top $40 Each
With Facebook’s stock price finally surpassing its initial public offering level of $38 per share and even topping the $40 mark, the company’s top management continues to take advantage and sell off shares, with Chief Technology Officer Mike Schroepfer and Vice President and General Counsel Colin Stretch detailing their latest transactions in Form 4 filings with the Securities and Exchange Commission late Tuesday.
With Facebook’s stock price finally surpassing its initial public offering level of $38 per share and even topping the $40 mark, the company’s top management continues to take advantage and sell off shares, with Chief Technology Officer Mike Schroepfer and Vice President and General Counsel Colin Stretch detailing their latest transactions in Form 4 filings with the Securities and Exchange Commission late Tuesday.
Schroepfer sold 63,600 shares of Facebook class-A common stock at $41.2324, and another 26,400 shares at $41.7802
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