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 apiece, and he now holds 591,970 shares in the company.
Stretch sold 21,610 shares at $39.52 apiece and another 2,397 at $40.65, and he now holds 93,255 class-A common Facebook shares.
Facebook closed at $39.64 per share Tuesday, after topping the $40 mark, and it was trading at more than $40 at the time of this post.
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