Mike Schroepfer, Chris Cox Unload Facebook Shares

WallStreetNYSE650Facebook Chief Technology Officer Mike Schroepfer and Chief Product Officer Chris Cox detailed their sales of shares in the company in Form 4 filings Tuesday with the Securities and Exchange Commission.

Schroepfer converted 20,000 class-B Facebook shares to class-A common stock, and then sold 20,000 class-A shares at $72.42 apiece. He now holds 228,997 shares of Facebook class-A common stock.

And Cox exercised 11,371 restricted stock units that were set to expire Aug. 25, 2019. He then sold 4,050 class-A shares at $72.1685 per share, 1,884 at $72.7737 apiece and 5,437 at $72.42 each, leaving him with 574,851 shares in the company.

Images 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!