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?
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