Facebook COO Sandberg sells stock worth $3.75 mn

Sandberg sold approximately 176,000 Facebook shares for an average price of $21.24 on Tuesday, according to a authoritarian filing on Thursday. Sandberg still owns nearly 19 million vested shares of Facebook, the world’s No 1 Internet social network, according to the filing.

Previous week, Sandberg sold roughly $7.4 million worth ofFacebook stock. Facebook General Counsel Theodore Ullyot and Chief Accounting executive David Spillane also sold millions of dollars worth of shares previous week. All the Facebook executives' sales were part of pre-arranged stock trades plans.

As per the report, Facebook General Counsel Theodore Ullyot and Chief Accounting Officer David Spillane also sold millions of dollars worth of shares previous week.

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