Andreessen Horowitz Fund II Unloads All 1.27M+ Of Its Facebook Shares

WallStreetNYSE650Facebook Director Marc Andreessen revealed in a Form 4 filing with the Securities and Exchange Commission that his Andreessen Horowitz Fund II sold off all of its 1,274,869 class-A common shares in Facebook.

Andreessen Horowitz Fund II sold 459,000 shares of Facebook class-A common stock at $60.7573 apiece, and another 815,869 at $61.5036 each, leaving it with no holdings in Facebook.

Facebook Co-Founder and CEO Mark Zuckerberg also revealed in a Form 4 filing that the Mark Zuckerberg Trust Dated July 7, 2006, received 24 class-A shares from KPBC Digital Growth Fund, leaving it with a total of 241.

Wall St. image courtesy of Shutterstock.

Related Stories
Mediabistro Course

Instagram Marketing

Instagram MarketingStarting October 27, learn how to gain likes and followers on one of the most popular social media platforms! In this course, you'll learn how to develop an Instagram strategy that will make your profile stand out and gain new followers, tell your brand's story through photos, and use your profile to drive your sales and business objectives. Register now!