Sandberg sells $91 million of Facebook stock
NEW YORK (AP) — Facebook’s chief operating officer, Sheryl Sandberg, has sold $91 million worth of shares in the social networking company.
The sale was part of a pre-determined trading plan that was set up in 2012. It came a week after Facebook’s stock passed its $38 IPO price for the first time since going public in May 2012.
According to a regulatory filing from Friday, Sandberg sold the shares in the Menlo Park, Calif.-based company on Aug. 7 for prices ranging from $37.79 to $38.93.