Facebook Insiders May Sell Shares

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By Trey Thoelcke Published
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Facebook Inc.’s (NASDAQ: FB) shares have traded below $20, after a $38 initial public offering. The price could be pushed down more by the people who helped start the company — both employees and venture capitalists.

The lock-up period during which these parties are not allowed to sell shares is nearly over. On August 16, 271 million shares will be eligible for sale. The fortunes of the world’s largest social network company are so poor that it would not be unusual for many of these holders to hit the exits, to make whatever money they can on “cheap” shares they got in early rounds of financing, which valued the company at well below its current level.

Douglas A. McIntyre

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About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.

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