Facebook Executives, Directors Exercise RSUs, Sell Shares

WallStreetNYSE650Seven Facebook executives and directors disclosed their exercising of restricted stock units, resulting conversions of class-B shares in Facebook to class-A common shares, and stock sales in Form 4 filings with the Securities and Exchange Commission Friday.

Chief Financial Officer David Ebersman disclosed in his Form 4 filing that he exercised 112,500 RSUs due Oct. 25, 2019, converting 112,500 class-B shares to class-A. He then sold 56,291 Facebook class-A common shares at $57.9716 each, and he now holds 333,145 shares in the company.

Chief Technology Officer Mike Schroepfer disclosed in his Form 4 that he exercised 18,750 RSUs due Aug. 25, 2019, converting 18,750 class-B shares to class-A. He also exercised 59,952 RSUs due March 24, 2021, converting 59,952 class-B shares to class-A. Finally, Schroepfer sold 38,654 class-A shares at $58.0036 apiece, and he now holds 382,966 Facebook class-A common shares.

Chief Operating Officer Sheryl Sandberg disclosed in her Form 4 filing that she exercised 74,940 RSUs due March 24, 2021, converting 74,940 class-B shares to class-A. She then sold 36,690 shares at $58.0089 per share, and she now holds 10,628,421 shares in the company.

Vice President and General Counsel Colin Stretch disclosed in his Form 4 that he exercised 10,088 RSUs due March 24, 2021, converting 10,088 class-B shares to class-A. He also exercised 8,335 RSUs due May 19, 2020, converting 8,335 class-B shares to class-A. Finally, Stretch sold 7,226 class-A shares at $58 each, and he now holds 61,023 class-A shares.

Chief Accounting Officer Jas Athwal disclosed in his Form 4 filing that he exercised 3,729 RSUs due March 24, 2021, converting 3,729 class-B shares to class-A. He then sold 1,501 shares at $58 apiece, and he now holds 151,307 shares in the company.

Director Reed Hastings disclosed in his Form 4 that he exercised 1,250 RSUs due June 21, 2021, converting 1,250 class-B shares to class-A. He now holds 59,062 Facebook class-A common shares.

And Director Erskine Bowles disclosed in his Form 4 that he exercised 1,250 RSUs due Sept. 5, 2021, converting 1,250 class-B shares to class-A. He now holds 11,666 shares.

Images courtesy of Shutterstock.

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