Facebook’s stock is all the rage these days. After a positive second quarter financial report, Facebook’s value has risen steadily. Recently, the company’s Chief Technology Officer, Michael Schroepfer, cashed in some of his shares.
Securities and Exchange Commission records show that on Thursday, July 25, Schroepfer sold 150,000 shares of Facebook stock at $33.51 apiece. Then Monday, July 29, Schroepfer sold 120,000 more shares, valued at $34.40.
In total, these two transactions netted Schroepfer $9,155,088. He currently owns 786,689 shares of Facebook stock.
At the close of the market Monday, Facebook was valued at $35.43 per share — its highest value since opening May 18, 2012 at $38.
Image courtesy of Shutterstock.