Facebook CTO Michael Schroepfer offloads 270K shares

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.

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