COO Sheryl Sandberg sells $90.8M in Facebook stock
Facebook Chief Operating Officer Sheryl Sandberg cashed in big before the weekend, selling 2,365,595 shares of Facebook stock, pocketing a cool $90,858,084.33.
This is one of the biggest paydays a Facebook executive has made selling company stock, but Sandberg still has a large stake in the company. After her most recent transactions, Sandberg owns 12,632,775 shares of Facebook stock now.
She also sold shares on behalf of the Sheryl K. Sandberg 2008 Annuity Trust — offloading 6,496 shares at $38.3826 each and 200 more at $38.925. The trust account now has 1,698,022 shares of Facebook stock.
Image courtesy of Sheryl Sandberg’s Facebook page.