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Peter Thiel sells most of remaining Facebook stake

Nov 22 (Reuters) - Venture capitalist Peter Thiel, Facebook Inc's first institutional investor, has sold three-quarters of his remaining stake in the social network, according to a regulatory filing on Tuesday.

Thiel, who is a member of Facebook's board, now owns 59,913 Class A shares in the company after selling 160,805 shares for about $29 million. http://bit.ly/2zd34za

Thiel sold roughly 20 million of his 26 million Facebook shares for $400 million following its stock market listing in 2012. (Reporting by Supantha Mukherjee in Bengaluru; editing by Patrick Graham)