Facebook COO Sheryl Sandberg banks $91 million from stock sale

By Shawn Knight ยท 6 replies
Aug 12, 2013
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  1. Facebook chief operating officer Sheryl Sandberg recently sold close to 2.4 million shares in the social network according to a regulatory filing. Sandberg took home close to $91 million just a few days after the stock surpassed its initial public...

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  2. Acespaces

    Acespaces TS Member Posts: 85   +12

    Smart move by her, its obvious that facebook isnt pulling in as many new people everyday as it used to. Expansions going down, Profits going down, time to get out of there!
  3. How many shares are there? Gazillion?
  4. MilwaukeeMike

    MilwaukeeMike TS Evangelist Posts: 2,891   +1,224

    Probably not... "The latest sale represents only about five percent of her total holdings in the company which means there?s plenty more money to be had when the time is right."

    If she were jumping ship she's probably sell more than 5%. There are plenty of reasons she could have sold off some stock. Maybe she wanted to diversify her fortune, maybe she expects equities in general to go down in the coming months (which many people do), or maybe she wants to start investing in real estate. Or maybe her personal tax situation means it made sense for her to sell some shares at a small gain, and that's why she did it right after the price went past the IPO price.

    Perhaps she wants to make a bed out of $100 bills or was jealous of Walter White's storage unit, who knows. I wouldn't take it as a sign of Facebook's impending doom however.
  5. MilwaukeeMike

    MilwaukeeMike TS Evangelist Posts: 2,891   +1,224

    93,080,000,000. and if she sold 2.4 million and that's 5% of her pile, that means she has 45.6 million shares left.
  6. davislane1

    davislane1 TS Grand Inquisitor Posts: 4,741   +3,758

    To those who may read this as some type of insider fear: profit taking is a core aspect of any effective trading or investing strategy, and that's exactly what Ms. Sandburg has done here. If she dumps a quarter or more of her position, that might be interesting. But the only news here is that her broker probably made a killing sweeping up commissions.
    MilwaukeeMike likes this.
  7. Skidmarksdeluxe

    Skidmarksdeluxe TS Evangelist Posts: 8,647   +3,274

    She's quite a looker. I wonder if she wants somebody to help her spend her $91 mil... If so I'm available :)

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