Sheryl Sandberg Sells More Facebook Shares

Facebook Chief Operating Officer Sheryl Sandberg was a seller of the social network’s stock again, disposing of more than 176,000 shares at roughly $21.24 apiece for a net of around $3.8 million.

Facebook Chief Operating Officer Sheryl Sandberg was a seller of the social network’s stock again, disposing of more than 176,000 shares at roughly $21.24 apiece for a net of around $3.8 million.

MarketWatch reported on the transaction, adding that Sandberg still holds about 20 million class-A Facebook shares.

Facebook closed trading Thursday at $19.91 per share, a little more than one-half of its initial public offering debut price of $38.

Readers: Should anything be read into the stock sales by Sandberg and other Facebook executives?

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in