Monday, September 11, 2017 10:15 PM ET
Insider Selling at Facebook (FB) Continues with Significant Sale
There was a substantial sale of shares of Facebook by an insider today, as indicated in a form 4 document filed with the SEC. One insider — Christopher K Cox, Officer — disposed of 16,000 shares in the company having a market value of approximately $2,738,064. 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 disposition of 812,055 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 828,055 shares and have averaged 138,009 shares per transaction over this time period.
The number of insider buy/sell trades at Facebook is greater than the 12 peer company average over the last 90-day period. The Social Media & Networking peer group saw 32 buy/sell trades during this period for an average of 2.7 transactions per company. The number of shares per buy/sell trade for Facebook insiders was also higher. Within the peer group there were 0 shares purchased and 2,990,755 shares sold with company insiders having sold 93,461 shares on average.
The data sourced in composing 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.
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