Facebook SEC filings: Board of directors chosen, execs offload stock
Facebook has officially decided its eight members of the company’s board of directors, a vote that was taken earlier this week at the company’s inaugural shareholders meeting. It has been a busy week for Facebook executives, some of whom also sold stock this week.
Facebook confirmed, in a recent Securities and Exchange Commission filing, the company’s board of directors:
- Mark Andreessen
- Erskine Bowles
- Susan Desmond-Hellmann
- Donald Graham
- Reed Hastings
- Sheryl Sandberg
- Peter Thiel
- Mark Zuckerberg
Several prominent Facebook executives also offloaded or transferred company stock recently.
Sandberg, the company’s Chief Operating Officer, sold 169,756 shares of Facebook stock, earning $3,996,735.26. Sandberg still owns 15,507,638 shares of Facebook stock.
Ted Ullyot, Facebook’s outgoing general counsel, offloaded 34,180 shares, gaining $828,906.02. He still owns 490,222 shares of Facebook stock.
David Fischer, Facebook’s Vice President of Marketing and Business Partnerships, disposed of 24,000 shares worth a total of $578,160. After this transaction, he now owns 556,681 shares.
Jas Athwal, the company’s Chief Accounting Officer, sold 125 shares for a total of $3,020. Athwal now currently owns 174,902 shares of Facebook stock.