Friday, September 01, 2017 10:15 PM ET
Continued Level of Significant Insider Selling at Facebook (FB)
One Facebook insider Jan Koum, Director, today, sold 640,754 shares having a market value of approximately $109,698,917, as revealed in a form 4 document filed with the SEC. There have been 5 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 203,626 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 844,380 shares and have averaged 140,730 shares per transaction over this time period.
During the last 90 days, the number of insider buy/sell trades at Facebook is above the 12-company peer group average. Social Media & Networking peer group saw 34 buy/sell trades during this period for an average of 2.8 transactions per company. The number of shares per buy/sell trade for Facebook insiders was also higher. Within the peer group there were 1,000 shares purchased and 2,404,214 shares sold with company insiders selling 70,683 shares on average.
The data obtained in evaluating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
Using proprietary artificial intelligence methods, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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