Here's When Other Facebook Insiders Can Sell Stock
Up to 1.91 billion more shares could flood the stock market — more than four times the 421 million shares that had been trading sinceFacebook's [FB 19.159 -0.852 (-4.26%) ]initial public offering in May.
Facebook's stock has fallen since last Thursday's expiration of the first lock-up period. On Monday, it's disclosed that Peter Thiel, one of Facebook's earliest investors and a member of its board, was among the insiders selling stock after the lock-up period expired. He sold about 20 million shares through affiliates for $19.27 to $20.69 each. (Read More: Investor Thiel Unloads Most of His Facebook Shares)
Here's the schedule, as reported by Facebook in a regulatory filing:
- Aug. 16: 271 million shares held by early investors and directors who had participated in the IPO, though CEO Mark Zuckerberg is excluded for unspecified reasons.
- Unspecified date between Oct. 15 and Nov. 13: 243 million shares and stock options held by directors and former or current employees, excluding Zuckerberg.
- Nov. 14: 1.22 billion shares and stock options, about a third of which is controlled by Zuckerberg.
- Dec. 14: 149 million shares held by early investors and others who participated in IPO, except Zuckerberg.
- May 18, 2013: 47 million shares held by the Russian Internet company Mail.ru Group and DST Global, both of which made early investments in Facebook.
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