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knodi
on May 23, 2012
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Mark Zuckerberg sells 30.2 million shares of $FB c...
I thought employees of facebook can't sell for 6months after the IPO. Is this not true?
heelhook
on May 23, 2012
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Nope, 90 days. And Mark, and a bunch of early players, like Eduardo Saverin, GS and others sold during the IPO.
ceejayoz
on May 23, 2012
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Key word: employees.
knodi
on May 23, 2012
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Isn't CEO technically still a employee of the company.
bcherry
on May 23, 2012
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Those restrictions are usually not defined in blankets based on role, rather they're written into the stock option agreements at time of grant. Presumably, Zuck and others don't have that clause, at least not on all of their shares.
ceejayoz
on May 23, 2012
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Technically? Yes. Realistically? He has the power to do a lot of things regular employees can't.
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