InvestSMART

Facebook exec sells

The second in charge at social networking giant Facebook, Sheryl Sandberg, has sold $US91 million ($100.51 million) worth of the company's stock, according to US securities filings. Facebook shares sold at their initial public offering in May 2012 for $US38 but soon after lost value. Only in past days have they recovered and surpassed that value.
print
InvestSMART
By InvestSMART · 12 Aug 2013
print
Share
InvestSMART
By InvestSMART ·
12 Aug 2013
Share
comments Comments
print Print
The second in charge at social networking giant Facebook, Sheryl Sandberg, has sold $US91 million ($100.51 million) worth of the company's stock, according to US securities filings. Facebook shares sold at their initial public offering in May 2012 for $US38 but soon after lost value. Only in past days have they recovered and surpassed that value.
Google News
Follow us on Google News
Go to Google News, then click "Follow" button to add us.
Follow us
Share this article and show your support
Free Membership
Free Membership
InvestSMART
InvestSMART
Keep on reading more articles from InvestSMART. See more articles
Join the conversation
Join the conversation...
There are comments posted so far. Join the conversation, please login or Sign up.

Frequently Asked Questions about this Article…

The article reports Sheryl Sandberg sold US$91 million (about $100.51 million) worth of Facebook stock, as disclosed in US securities filings.

The sale was disclosed in US securities filings, according to the article.

Facebook’s initial public offering was in May 2012, and the IPO price was US$38 per share, as stated in the article.

The article says Facebook shares fell in value soon after the May 2012 IPO but, only in the past days, have recovered and surpassed the US$38 IPO price.

No. The article only reports the sale and the amount disclosed in US securities filings; it does not provide a reason for the sale.

The article does not offer investment guidance. It simply reports the insider sale and recent share performance; it does not state whether investors should buy or sell.

According to the article, the sale is documented in US securities filings, which are the official public records for insider transactions.

No. The article focuses specifically on Sheryl Sandberg’s US$91 million stock sale and notes the IPO price and recent share recovery; it does not mention other executives or additional sales.