Facebook Execs Start Selling Stock: Sandberg Cashes Just ~2% Of Her Stake For $7.4M But CAO Dumps Half

Facebook's executives gained the right to sell stock this week and three are now starting to cash out. SEC docs show COO Sheryl Sandberg is selling 352,904 shares to pull in $7,474,506.72. That's just 1.91% of her current, massive stake. General Counsel Ted Ullyot is selling a little too. However, Chief Accounting Officer David Spillane is selling over 61%. That's 256,000 shares out of the 416,000 he was just awarded, which could worry Wall Street.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/S9e10HX-d3U/

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