Zuckerberg has sold nearly $300 million in Facebook stock over the past month, including a $95 million sale over the past few trading days, according to a Securities and Exchange Commission document filed Tuesday.
Zuckerberg sold roughly 742,000 shares of stock in the past week using a 10b5-1 trading plan, according to the filing — the kind of plan executives use to avoid concerns over insider trading. It's the third $95 million stock sale Zuckerberg has made since mid-August, and it looks as though they'll continue to come with regularity.
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This shouldn't come as a surprise, or a concern, to Facebook investors. Zuckerberg has promised to give away almost all of his Facebook stock over his lifetime, and this sale was made as part of that plan, according to the filing.
And while $95 million is a lot of money to most people, it's a very small portion of Zuckerberg's overall wealth and ownership in the company. (He still has over 400 million shares of Facebook stock.) We don't know where the money will be spent, but I'm guessing we'll hear about it once the money finds a home.