Facebook’s stock value is rocketing in light of the company’s glowing second quarter earnings report. Some prominent Facebook employees cashed in, but unfortunately, most shares were sold before the boom.
Chief Operating Officer Sheryl Sandberg, General Counsel Colin Stretch and Chief Accounting Officer Jas Athwal all sold shares of Facebook this week, with Stretch being the one executive to sell shares after the value rose over $30 following Facebook’s second quarter report.
- Sandberg sold 169,756 shares, gaining $4,435,927. She currently owns 14998370 shares of Facebook stock. Sandberg also sold 6,696 shares from a family trust at $26.13 per share. The Sheryl K. Sandberg 2008 Annuity Trust now owns 1,704,718 shares of Facebook stock.
- Stretch sold 2,287 shares on Tuesday (at $26.10 each) and 17,308 on Thursday (at $33.51 each) for a total of $639,681.78. He now owns 139,712 shares.
- Athwal sold 125 shares for a total of $3,287.50. He now owns 177,529 shares of Facebook stock.
Readers: If you own shares of Facebook, did you sell or are you waiting for the price to rise higher?