Facebook’s COO Dumps $26M of FB Shares

But she still has a massive stake in the company

   

Facebook185 Facebook’s COO Dumps $26M of FB SharesAccording 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.


Article printed from InvestorPlace Media, http://investorplace.com/ipo-playbook/facebooks-coo-dumps-26m-of-fb-shares/.

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