Facebook's executives gained the right to sell stock this week and three are now starting to cash out. SEC docs show COO Sheryl Sandberg is selling 352,904 shares to pull in $7,474,506.72. That's just 1.91% of her current, massive stake. General Counsel Ted Ullyot is selling a little too. However, Chief Accounting Officer David Spillane is selling over 61%. That's 256,000 shares out of the 416,000 he was just awarded, which could worry Wall Street.
Facebook Execs Start Selling Stock: Sandberg Cashes Just ~2% Of Her Stake For $7.4M But CAO Dumps Half
TechCrunch - 2 Nov 2012 23:52
Facebook's executives gained the right to sell stock this week and three are now starting to cash out. SEC docs show COO Sheryl Sandberg is selling 352,904 shares to pull in $7,474,506.72. That's just 1.91% of her current, massive stake. General Counsel Ted Ullyot is selling a little too. However, Chief Accounting Officer David Spillane is selling over 61%. That's 256,000 shares out of the 416,000 he was just awarded, which could worry Wall Street.
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