Jim Breyer Sells More Than 3.5M Facebook Shares

Early Facebook investor and Accel Partners Managing Director Jim Breyer sold 3,563,387 class-A Facebook shares at a weighted average price of $22.7736 per share at or around Oct. 25, according to a filing with the Securities and Exchange Commission.

Forbes reported that Breyer still personally holds 7.2 million Facebook shares in the trust involved in the Oct. 25 transaction, as well as additional shares on his own.

Accel Partners also distributed 22,123,009 class-A Facebook shares to its limited partners in various funds, according to Forbes, which added that those shares are worth some $467 million at Wednesday’s closing price of $21.11 apiece.

Related Stories
Mediabistro Course

Facebook Marketing

Facebook MarketingStarting Janaury 13, work with the group marketing manager of social media at Microsoft/BingAds to build a fan base and grow your business on Facebook! In this course, Geoffrey Colon will teach you how to set up and enhance your company page, understand best practices and measuring your success, execute a monthly content strategy, and incorporate Facebook into your overall marketing efforts. Register now!