Whatsapp Facebook Deal New 2019
So our asked Equilar, a company that focuses on assessing exec settlement as well as company information, to assist us check out all the Stocks and Exchange Commission filings pertaining to Koum's sales for 2016.
Whatsapp Facebook Deal
It ends up he's offered greater than 22 million shares worth approximately $2.8 billion because January.
Facebook consented to purchase WhatsApp in February 2014 for over $19 billion in supply, and also the cost had risen to $22 billion by October, when the deal closed, thanks to Facebook's rising stock price. Koum had regarding 45% of the business when he sold it, Forbes estimates, which indicates his take on paper was about $10 billion. He also obtained a seat on Facebook's board.
At the end of 2015, according to Facebook's annual proxy filing, Koum had over 60 million shares of common stock. He also had another 19 million restricted stock devices, which vest over time and also serve as a reward for him to remain till November 2018.
Based on that vesting schedule, it looks like he's earned concerning 3 million of those RSUs up until now this year.
So in general, he's marketed concerning one-third of his current risk in Facebook this year.
Koum's stock sales come as WhatsApp remains to proliferate and also as the company is making changes to the service that can open brand-new moneymaking possibilities, yet also takes the chance of alienating some individuals.
On Thursday, Facebook announced that WhatsApp was altering its privacy plan for the first time given that the purchase to permit Facebook to see the phone number that an individual shares when they sign up for WhatsApp. Facebook can utilize this information to allow organisations to contact individuals straight through WhatsApp, as they can currently do through Messenger, and will permit Facebook to show even more relevant ads to logged-in individuals. Nonetheless, WhatsApp claimed it would certainly not share these phone numbers directly with customers.
WhatsApp passed more than than 1 billion month-to-month users in February and is the most preferred chat application in majority of the globe, according to current stats from SimilarWeb.
Facebook had no comment on the sales, as it does not comment on peoples' investment decisions.