David Fischer, Colin Stretch, Jas Athwal Exercise RSUs, Sell Facebook Shares

Facebook kept the Securities and Exchange Commission busy late Thursday, following up its Form 8-K filing — in which it announced a five-year senior unsecured revolving credit facility with JPMorgan Chase, allowing it to borrow up to $6.5 billion — with Form 4 filings by Chief Marketing Officer David Fischer, Vice President and General Counsel Colin Stretch, and Chief Accounting Officer Jas Athwal.

Fischer exercised 117,945 restricted stock units that were set to expire May 19, 2020, and, following the withholding of 61,544 class-A shares by Facebook to satisfy income tax withholding and remittance obligations, he received 56,401 shares of class-A common stock.

He also sold two blocks of 12,000 class-A shares in the company, at $38.23 and $36.83 per share, respectively, and Fischer now holds 565,082 Facebook shares.

Stretch exercised 8,335 RSUs that were set to expire May 19, 2020, and, following the withholding of 4,350 shares by Facebook to satisfy income tax withholding and remittance obligations, he received 3,985 shares of class-A common stock

He also sold 2,287 Facebook shares at $38.23 each, and Stretch now holds 120,530 shares in the company.

And Athwal exercised 7,085 and 516 RSUs, respectively, set to expire Aug. 25, 2020, and May 2, 2022, respectively. Facebook withheld 3,697 and 270 class-A shares, respectively, to satisfy income tax withholding and remittance obligations, giving Athwal 3,388 and 246, respectively.

He also sold 1,000 class-A Facebook shares at $36.2918 apiece, and Athwal now holds 154,663 shares.

Image courtesy of Shutterstock.

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