Insider Sale at Facebook (FB) Continues Selling Trend

Monday, February 26, 2018 10:15 PM ET

Insider Sale at Facebook (FB) Continues Selling Trend

There was a significant sale of shares of Facebook by an insider today, as revealed in a form 4 document filed with the SEC. One insider — David M Wehner, Officer — disposed of 14,901 shares in the company having a market value of approximately $2,664,150. There have been 4 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 439,158 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 454,059 shares and have averaged 90,812 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Facebook is greater than its 11-company peer group average. The Social Media & Networking peer group saw 24 buy/sell trades during this period for an average of 2.2 transactions per company. However, the number of shares traded per transaction by Facebook insiders is lower than its peers. Within the peer group there were 20,000 shares purchased and 3,276,060 shares sold with company insiders selling 135,669 shares on average over this time period.

Significant insider buying and selling activity has been determined by eliminating 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 in data sourced in composing and writing this story.

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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