Dustin Moskovitz continues to sell Facebook shares in small lots

Dustin Moskovitz continues to sell Facebook shares in small lots A co-founder of Facebook Dustin Moskovitz continues to sell his shares. Today, the U.S. Securities and Exchange Commission released data showing that Moskovitz sold another 450,000 shares of Class A at a price of 19.19 to 19.22 apiece this week, raising about $8.6M. They say in Silicon Valley that it is a kind of strategy to always sell shares by small packages.

Now Dustin A Moskovitz Trust Fund has 6,15M shares of class A and 106,8M shares of class B, which can be converted into each other at any time of the relation 1-1. Class A shares are considered as more liquid in the market, but Class B provides more benefits in corporate voting.

According to statistics, Moskovitz has been selling approximately 150K shares per day since August, 19. Thus, Moskovitz has already received about $26M since the start of sales.

Dustin Moskovitz was Mark Zuckerberg’s roommate at Harvard when they started Facebook project in 2004. From the very beginning Moskovitz 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.