Facebook Insiders Exercise RSUs, Sell Shares

WallStreetBull650Facebook Chief Technology Officer Mike Schroepfer, Vice President of Business and Marketing Partnerships David Fischer, Chief Product Officer Chris Cox, Chief Operating Officer Sheryl Sandberg, Chief Financial Officer David Wehner, VP and General Counsel Colin Stretch, Chief Accounting Officer Jas Athwal and Director Susan Desmond-Hellmann detailed their trading activities with regards to exercising restricted stock units and selling off shares in the company in Form 4 filings Tuesday with the Securities and Exchange Commission.

Schroepfer exercised 86,585 RSUs that were set to expire Aug. 25, 2020, as well as 85,000 RSUs that were set to expire Jan. 11, 2019.

He then sold 36,581 shares of Facebook class-A common stock at $73.5424 per share, 8,600 at $74.2579 apiece, 20,000 at $74.83 each and 65,000 at $74.94, leaving him with a total of 270,401 Facebook class-A common shares.

Fischer exercised 117,495 RSUs that were set to expire May 19, 2020. He then sold 48,877 shares of Facebook class-A common stock at $73.5306 per share, and another 12,667 at $74.2466 apiece, leaving him with a total of 383,600 shares in the company.

Cox exercised 86,585 RSUs that were set to expire Aug. 25, 2020. He then sold 35,858 class-A shares at $73.5311 per share and 9,323 at $74.2463, leaving him with 616,255.

In addition, the Christopher K. Cox 2009 Annuity Trust gifted all 29,216 of its class-A shares, with 400 going to the Christopher K. Cox Revocable Trust and 28,816 to the Remainder Interest Trust created under the Christopher K. Cox 2009 Annuity Trust.

The Christopher K. Cox Revocable Trust then gifted 41,029 shares of Facebook class-A common stock, leaving it with a total of 103,595. The Remainder Interest Trust created under the Christopher K. Cox 2009 Annuity Trust now holds 28,816 shares in the company.

Sandberg exercised 43,193 RSUs that were set to expire May 2, 2022. She then sold 17,739 class-A shares at $73.5265 apiece, and another 4,800 at $74.238 each, leaving her with a total of 6,795,279.

Wehner exercised 18,750 RSUs that were set to expire Jan. 14, 2023, and another 5,370 that were set to expire May 5, 2023. He then sold 10,487 shares of Facebook class-A common stock at $73.5491 per share, and another 2,100 at $74.2833. He now holds 11,533 shares in the company.

Stretch exercised 7,681 RSUs that were set to expire May 2, 2022, and another 6,444 that were set to expire May 5, 2023. He then sold 6,071 class-A shares at $73.5486 apiece, and another 1,300 at $74.2754, leaving him with 69,904.

Athwal exercised 7,085 RSUs that were set to expire Aug. 25. 2020, and another 516 that were set to expire May 2, 2022. He then sold 5,390 Facebook class-A common shares at $73.5733 each, 900 at $74.31 and 1,500 at $74.51. He now holds 125,211 shares of Facebook class-A common stock.

And Desmond-Hellmann exercised 1,250 RSUs that were set to expire April 12, 2023. She now holds 11,909 shares in the company.

Images courtesy of Shutterstock.

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