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According to the S-1, most executives did not sell anything, only Zuckerberg, Breyer and Thiel, with most coming from Breyer. VCs and other pre-IPO investors so
by kevinpet 14y ago
According to the S-1, most executives did not sell anything, only Zuckerberg, Breyer and Thiel, with most coming from Breyer. VCs and other pre-IPO investors sold about 10-20% of their shares.
It appears that 57% of the stock offerred in the IPO came from insiders, which is a very different thing. Pretty shoddy reporting.