Sheryl Sandberg, David Fischer Continue Selling Shares In Facebook

Facebook Chief Operating Officer Sheryl Sandberg and Chief Marketing Officer David Fischer continued to unload Facebook shares as the social network’s stock price remained in the low $40s.

In a Form 4 filing with the Securities and Exchange Commission Thursday, Sandberg declared the sale of 169,756 shares of Facebook class-A common stock at $43.6913 each, and she now holds 12,293,263.

The Sheryl K. Sandberg 2008 Annuity Trust also disposed of 6,696 shares at $43.6946 apiece, and it now holds 1,684,630.

Meanwhile, Fischer sold two blocks of 12,000 shares apiece, at $44.25 and $43.38, respectively, and he now holds 541,082 Facebook class-A common shares.

Image courtesy of Shutterstock.

Related Stories
Mediabistro Course

Social Media 201

Social Media 201Starting October 13, Social Media 201 picks up where Social Media 101 left off, to provide you with hands-on instruction for gaining likes, followers, retweets, favorites, pins, and engagement. Social media experts will teach you how to make social media marketing work for your bottom line and achieving your business goals. Register now!