A co-founder of Facebook Dustin Moskovitz has sold about 450K shares of the social network in the last few days and gained about $9M.
As follows from the information provided by Moskovitz in regulatory documents, he sold his shares in blocks of 15K securities each.
Dustin Moskovitz was Mark Zuckerberg’s roommate at Harvard when they started Facebook project in 2004. From the very beginning Moskowitz was responsible for the technical component and later became the CTO (Chief technical officer) leading the entire development.
Moskovitz left Facebook in 2008 to found Asana Company producing solutions for managing business projects. Now he has 133M shares of the social network, but at the moment he can sell no more than 7M shares of class B.