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

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!