Facebook Whatsapp Deal
So our asked Equilar, a company that concentrates on evaluating executive settlement and also company data, to help us examine all the Securities as well as Exchange Compensation filings related to Koum's sales for 2016.
Facebook Whatsapp Deal
It turns out he's sold more than 22 million shares worth about $2.8 billion since January.
Facebook agreed to get WhatsApp in February 2014 for over $19 billion in stock, and also the rate had gone up to $22 billion by October, when the bargain closed, thanks to Facebook's climbing stock cost. Koum had regarding 45% of the company when he marketed it, Forbes estimates, which means his take on paper had to do with $10 billion. He additionally obtained a seat on Facebook's board.
At the end of 2015, according to Facebook's annual proxy declaring, Koum owned over 60 million shares of ordinary shares. He also had an additional 19 million limited supply devices, which vest over time as well as serve as an incentive for him to stay up until November 2018.
Based on that vesting timetable, it appears like he's made regarding 3 million of those RSUs up until now this year.
So in general, he's marketed regarding one-third of his current stake in Facebook this year.
Koum's stock sales come as WhatsApp continues to grow rapidly and as the firm is making changes to the service that might open new moneymaking possibilities, however additionally risks estranging some customers.
On Thursday, Facebook revealed that WhatsApp was altering its personal privacy policy for the very first time considering that the procurement to enable Facebook to see the phone number that an individual shares when they enroll in WhatsApp. Facebook can utilize this information to allow services to contact individuals straight through WhatsApp, as they can already do with Messenger, as well as will allow Facebook to show even more pertinent advertisements to logged-in individuals. Nonetheless, WhatsApp said it would not share these phone numbers straight with individuals.
WhatsApp passed greater than than 1 billion month-to-month individuals in February and is the most preferred conversation app in majority of the world, according to recent statistics from SimilarWeb.
Facebook had no talk about the sales, as it doesn't discuss individuals' financial investment decisions.