Jim Breyer Sells More Than 3.5M Facebook Shares
Early Facebook investor and Accel Partners Managing Director Jim Breyer sold 3,563,387 class-A Facebook shares at a weighted average price of $22.7736 per share at or around Oct. 25, according to a filing with the Securities and Exchange Commission.
Early Facebook investor and Accel Partners Managing Director Jim Breyer sold 3,563,387 class-A Facebook shares at a weighted average price of $22.7736 per share at or around Oct. 25, according to a filing with the Securities and Exchange Commission.
Forbes reported that Breyer still personally holds 7.2 million Facebook shares in the trust involved in the Oct. 25 transaction, as well as additional shares on his own.
Accel Partners also distributed 22,123,009 class-A Facebook shares to its limited partners in various funds, according to Forbes, which added that those shares are worth some $467 million at Wednesday’s closing price of $21.11 apiece.
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