Facebook CTO Mike Schroepfer Sells 270K Shares

With Facebook’s stock price steadily inching up since its second-quarter earnings report, Chief Technology Officer Mike Schroepfer became the latest high-level executive to unload some of his shares in the company.

According to a Form 4 filing Monday with the Securities and Exchange Commission, Schroepfer sold 150,000 class-A shares of Facebook common stock at $33.51 apiece, and another 120,000 at $34.4049 each.

Schroepfer currently holds 786,689 class-A Facebook shares.

Readers: Do you expect more Facebook executives to sell off shares if the company’s stock price remains on an uptick?

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!