Facebook Chief Technology Officer Mike Schroepfer donated 40,000 shares of class-A common stock in the company to a charitable entity, while Chief Financial Officer David Wehner and Director Susan Desmond-Hellmann sold off some of their Facebook holdings, the three insiders reported in Form 4 filings Friday with the Securities and Exchange Commission.
Facebook 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.
Facebook’s acquisition of immersive virtual reality technology company Oculus VR officially closed earlier this week, and Co-Founder and CEO Mark Zuckerberg took some time during the social network’s second-quarter earnings call Wednesday to discuss how the combination of the two companies could impact the future of computing.
New Facebook Chief Financial Officer David Wehner detailed the restricted stock units that were granted to him by the company in a Form 3 filing Friday with the Securities and Exchange Commission, while Chief Operating Officer Sheryl Sandberg revealed in a Form 4 filing that she sold off more Facebook shares.
On the day that Facebook is holding its first-quarter earnings call, the social network also announced that Chief Financial Officer David Ebersman is leaving the company after nearly five years in the post, and he will be succeeded by current Vice President of Corporate Finance and Business Planning David Wehner, former CFO of game developer Zynga.
Scuffling game developer Zynga announced four executive promotions, along with the departure of Chief Financial Officer David Wehner, who is leaving Zynga to join Facebook as vice president, corporate finance and business planning.