According to a recent SEC filing, Facebook’s (NASDAQ:FB) chief operating officer Sheryl Sandberg has sold 946,588 shares, netting her roughly $26.2 million. Keep in mind that the stock has seen a huge rally since early September, with a gain of more than 50%, but that it remains well-below the $38 IPO price.
Even with the sale, Sandberg still holds about 18.7 million shares. She also has millions of shares that have not been vested yet. Sandberg joined Facebook in 2008 and has been important to the company’s growth. Before that, she was a top executive at Google (NASDAQ:GOOG) and chief of staff for the U.S. Department of Treasury.
Tom Taulli runs the InvestorPlace blog IPO Playbook, a site dedicated to the hottest news and rumors about initial public offerings. He is also the author of “How to Create the Next Facebook” and “High-Profit IPO Strategies: Finding Breakout IPOs for Investors and Traders.” Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities.
A long-time follower of the IPO scene, back in 1999 Tom started one of the first sites in the space called WebIPO. It was a place where investors got research as well as access to deals for the dot-com boom. Tom also wrote the top-selling book, Investing in IPOs. In it, he covers all the aspects of analyzing an IPO, such as reading the prospectus, detecting the risk factors and understanding some of the arcane regulations. But don’t worry — if that process is too intimidating for you, thankfully Tom will do the legwork for you right here in the IPO Playbook blog.
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