Wednesday, November 01, 2017 10:15 PM ET
Facebook (FB) Insiders Make Significant Share Sales Extending the Trend of Last Quarter
SEC filings today revealed significant insider sales of Facebook shares as two insiders — Colin Stretch, Officer, and Jan Koum, Director — disposed of 2,600,750 shares in the company having a market value of approximately $468,362,502. There have been 5 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 832,004 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 3,432,754 shares and have averaged 490,393 shares per transaction over this time period.
The number of insider buy/sell trades at Facebook is higher than the 11 peer company average over the last 90-day period. The Social Media & Networking peer group saw 35 buy/sell trades during this period for an average of 3.2 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 3,168,204 shares sold with company insiders selling 90,520 shares on average.
The data obtained 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.
Today’s Insider Activity
* Colin Stretch, Officer, sold 750 shares
* Jan Koum, Director, sold 2,600,000 shares
Using proprietary Natural Language Generation (NLG) technology, 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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