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Facebook Execs Sold $4bn in Stock Last Year

 2 min read / 

Facebook’s top executives sold company shares worth more than $4bn in 2017, over double the amount of other execs at some of the largest technology firms in the US.

The total value was boosted by a 52% surge in the company’s stock price last year which also saw Mark Zuckerberg, Chief Executive Officer (CEO) and Sheryl Sandberg, Chief Operating Officer (COO), selling $942.5m and $316m, respectively.

Data has been collected from filings with the Securities and Exchange Commission over the year.

The social network giant’s stock outperformed the other technology shares by a wide margin.

Most of Zuckerberg’s proceeds went towards funding the Chan Zuckerberg Initiative, a philanthropy founded by Zuckerberg and his wife Priscilla following the birth of their daughter in 2015.

WhatsApp co-founder and Facebook board member Jan Koum made 16 sales throughout the year, selling a whopping $2.8bn, the most of any top tech firm executive.

Following closely behind was Amazon CEO, Jeff Bezos, who sold $2bn worth of stock. Back in April, Bezos said that he sells around $1bn worth of stocks a year to fund his Blue Origin space exploration project.

Other sellers in the big five tech firms included Google CEO Sundar Pichai and Apple CEO Tim Cook who sold $84.3m and $60m worth of shares, respectively.

The chart below shows the top-selling Facebook executives for 2017, the majority of which were made via trading plans filed with the US Securities and Exchange Commission.

Top-selling Facebook execs 2017

Microsoft CEO Satya Nadella and Alphabet CEO Larry Page sold no shares during 2017.

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