Facebook Executives, Directors Exercise Restricted Stock Units, Sell Off Shares

WallStreetStreetsign650Thursday was a big day for Form 4 filings from Facebook executives and board members exercising their restricted stock units, as Chief Financial Officer David Ebersman, Chief Operating Officer Sheryl Sandberg, Chief Technology Officer Mike Schroepfer, Vice President and General Counsel Colin Stretch, Chief Accounting Officer Jas Athwal, and Directors Reed Hastings and Erskine Bowles detailed their trading activities to the Securities and Exchange Commission.

Ebersman exercised 112,500 RSUs that were set to expire Oct. 25, 2019. He then sold 33,000 class-A shares of Facebook common stock at $58.7755, 25,714 shares at $59.3884, and two blocks of 11,700 shares, at $59.29 and $59.81 per share, respectively, leaving him with a total of 330,703 shares in the company.

Sandberg exercised 74,940 RSUs that were set to expire March 24, 2021. She then sold 19,400 class-A shares at $58.764 apiece and another 19,712 at $59.3819. Sandberg now holds 8,984,894 shares of Facebook class-A common stock.

Schroepfer exercised 18,750 RSUs that were set to expire Aug. 25, 2019, as well as 59,952 RSUs that were set to expire March 24, 2021. He then sold 15,600 class-A shares of Facebook common stock at $58.8004 per share, and another 25,475 at $59.3587, leaving him with 238,519 Facebook shares.

Stretch exercised 10,088 RSUs that were set to expire March 24, 2021, and he sold 5,266 shares at $59.29 each, leaving him with 76,578.

Athwal exercised 3,728 RSUs that were set to expire March 24, 2021, and sold 1,947 class-A common shares in the company at $59.29 apiece, leaving him with 132,404.

Hastings exercised 1,250 RSUs that were set to expire June 21, 2021, and he now holds 60,312 Facebook class-A common shares.

And Bowles exercised 1,250 RSUs that were set to expire Sept. 5, 2021, leaving him with a total of 12,916 Facebook shares.

Images courtesy of Shutterstock.

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