Marc Andreessen, Peter Thiel Exchange Oculus VR Shares for Class-B Facebook Shares

WallStreetNYSE650Facebook Directors Marc Andreessen and Peter Thiel received class-B shares in Facebook in exchange for their shares of Oculus VR following the official closing of the social network’s acquisition of the immersive virtual reality technology company earlier this week, and Form 4 filings detailing exercising of restricted stock units and sales of Facebook shares were also filed with the Securities and Exchange Commission Wednesday by Chief Operating Officer Sheryl Sandberg, Chief Product Officer Chris Cox and Chief Technology Officer Mike Schroepfer.

Andreessen reported that Andreessen Horowitz Fund III received 2,242,394 class-B shares in Facebook in exchange for 201,860 shares of Oculus VR, and it now holds 2,242,394 class-B shares.

And AH Parallel Fund III received 1,551,902 class-B shares in exchange for 139,702 Oculus VR shares. It now holds 1,551,902 class-B shares.

Thiel reported that The Founders Fund IV received 416,308 Facebook class-B shares in exchange for 37,476 shares of Oculus VR, and it now holds 416,308 class-B shares.

And The Founders Fund IV Principals Fund received 133,637 class-B shares in exchange for 12,030 shares of Oculus VR. It now holds 133,637 class-B shares.

Sandberg sold 281,787 shares of class-A common stock in Facebook at $69.1596, and another 1,547 shares at $69.7324 apiece. She now holds 7,057,959 shares of Facebook class-A common stock.

Cox exercised 9,376 RSUs that were set to expire Aug. 18, 2019. He then sold 42,521 class-A shares at $68.84 each, leaving him with 574,851.

And Schroepfer exercised 20,000 RSUs that were set to expire Jan. 11, 2019. He then sold 20,000 class-A Facebook shares at $68.84 per share, leaving him with 228,997 shares of Facebook class-A common stock.

Images courtesy of Shutterstock.

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