Zuckerberg Sells $500 Million of Facebook Shares in February
Fully committed to his philanthropy work for the Chan Zuckerberg Initiative (CZI), Mark Zuckerberg sold about $500 million worth of Facebook stock in the shortest month of the calendar, according to SEC filings. This rather odd move however does not come as a surprise as Zuckerberg made his intentions public in September 2017.
Mark Zuckerberg’s stock exit comes with a plan. Indeed, he wishes to transfer his Facebook fortune to his philanthropy work for the Chan Zuckerberg Initiative.
Two security filings revealed that Zuckerberg sold 685,000 shares worth 125.4 million in the last few days of February. This takes his total sales of the month to about 2.7 million shares worth $482.2 million.
These sales are the next step in a process Mark laid out in September to fund the Chan Zucke...