Tuesday, November 21, 2017 10:15 PM ET
Facebook (FB) Insider Makes Significant Share Sale
One insider — Peter Thiel, Director — today, disposed of 160,805 shares of Facebook having a market value of approximately $28,768,702, as disclosed 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 disposition of 3,366,221 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 3,527,026 shares and have averaged 587,838 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Facebook is greater than the 11-company peer group average. Social Media & Networking peer group saw 42 buy/sell trades during this period for an average of 3.8 transactions per company. The number of shares per buy/sell trade for Facebook insiders was also higher. Within the peer group there were 63,929 shares purchased and 8,114,421 shares sold with company insiders having sold 191,678 shares on average.
The data used in creating 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 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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