Whatsapp Purchase Facebook New 2019
So our asked Equilar, a firm that specializes in evaluating executive compensation as well as company information, to help us examine all the Securities as well as Exchange Payment filings related to Koum's sales for 2016.
Whatsapp Purchase Facebook
It ends up he's sold greater than 22 million shares worth approximately $2.8 billion because January.
Facebook accepted purchase WhatsApp in February 2014 for over $19 billion in supply, and also the price had actually increased to $22 billion by October, when the bargain closed, thanks to Facebook's climbing supply cost. Koum owned regarding 45% of the company when he sold it, Forbes approximates, which indicates his take on paper was about $10 billion. He likewise obtained a seat on Facebook's board.
At the end of 2015, according to Facebook's yearly proxy filing, Koum owned over 60 million shares of common stock. He also had an additional 19 million restricted stock systems, which vest gradually and serve as a motivation for him to stay till November 2018.
Based upon that vesting routine, it appears like he's made about 3 million of those RSUs thus far this year.
So overall, he's marketed regarding one-third of his present risk in Facebook this year.
Koum's stock sales come as WhatsApp continues to grow rapidly and also as the company is making changes to the service that might open up new moneymaking opportunities, yet likewise runs the risk of pushing away some users.
On Thursday, Facebook revealed that WhatsApp was transforming its personal privacy plan for the very first time since the acquisition to permit Facebook to see the telephone number that an individual shares when they enroll in WhatsApp. Facebook can use this details to permit companies to get in touch with customers directly via WhatsApp, as they can currently do via Carrier, as well as will certainly allow Facebook to reveal more pertinent advertisements to logged-in customers. Nevertheless, WhatsApp said it would not share these phone numbers directly with individuals.
WhatsApp passed greater than than 1 billion monthly customers in February and also is one of the most prominent chat app in more than half of the world, according to recent statistics from SimilarWeb.
Facebook had no discuss the sales, as it doesn't talk about individuals' investment choices.