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  • caixujin caixujin Nov 8, 2012 9:39 PM Flag

    Guys, please read the SEC filings

    It seems many here are still thinking Nov 14 massive unlocking are employee shares. WRONG! Please read SEC filings. The following is from 10-Q

    "October 29, 2012,
    approximately 121 million shares underlying net- settled Pre-2011 RSUs held by then-current employees as of October 15, 2012 and approximately 53 million outstanding shares and approximately 55 million shares subject to stock options held by then-current employees as of October 15, 2012 other than Mr. Zuckerberg

    November 14, 2012,
    approximately 773 million outstanding shares and approximately 31 million net-settled Pre-2011 RSUs not held by then-current employees as of October 15, 2012".

    Get it?

    Oct 29 shares are current employees' shares. Current employees, especially executives like Sandberg, are supposed to hold most of their shares to show their confidence and loyalty, so from Oct 29 till today we do not see huge selling.

    The Nov 14 shares are NOT held by current employees ,and the total amount is MASSIVE compared to Oct 29. Former employees do not need to keep shares to show loyalty. Remember Dustin Moskovitz? Former VP of technology and co-founder, he dumped all his shares completely at around $19.

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