Facebook to Let Employees Sell Restricted Stock at $4B Valuation

Eric Eldon at VentureBeat is reporting this morning that Facebook has implemented a new policy regarding employees’ sale of restricted company stock: it is going to allow employees to sell up to 20% of their vested stock at a $4 billion valuation. Some employees are already asking for financial advice.

While the mechanics of the employee sales are not known – there have been rumors of private sales of employee stock for months – the total volume of company stock that’s likely to be eligible for sale is probably around $20 to $40 million. Facebook would probably like to keep the total number of shareholders under control, so it will be interesting to see if the company aggregates employee stock sales into a smaller number of transactions.