A few high-profile executives sold some of their Facebook stock Thursday. Securities and Exchange Commission filings show that Facebook Chief Technology Officer Michael Schroepfer, Chief Accounting Officer Jas Athwal, Chief Financial Officer David Ebersman, and Chief Operating Officer Sheryl Sandberg all cashed in some Facebook stock.
When Instagram users opt to report profiles on the photo-sharing application, they are being directed to a page hosted by its parent company, Facebook.
A few Facebook executives rang in the new year by selling off some of their stock in the company, making a tidy sum in the process. Facebook board member Donald Graham, Vice President of Engineering Michael Schroepfer, General Counsel Ted Ullyot, and Chief Accounting Officer David Spillane all sold some of their social network stock in the past few days, according to Securities and Exchange Commission filings. And Chief Operating Officer Sheryl Sandberg converted a portion of her shares from class-B to class-A, making them easier to sell.