Whatsapp Purchase Facebook
So our asked Equilar, a business that concentrates on evaluating executive payment and also business data, to help us take a look at all the Securities and Exchange Compensation filings related to Koum's sales for 2016.
Whatsapp Purchase Facebook
It turns out he's marketed greater than 22 million shares worth about $2.8 billion considering that January.
Facebook consented to purchase WhatsApp in February 2014 for over $19 billion in stock, and also the cost had actually risen to $22 billion by October, when the deal closed, thanks to Facebook's increasing stock rate. Koum had about 45% of the company when he sold it, Forbes approximates, which implies his take on paper had to do with $10 billion. He also 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 additionally had another 19 million restricted stock devices, which vest in time as well as act as a reward for him to stay until November 2018.
Based on that vesting routine, it resembles he's earned regarding 3 numerous those RSUs thus far this year.
So in general, he's sold about one-third of his existing stake in Facebook this year.
Koum's supply sales come as WhatsApp remains to grow rapidly and also as the business is making changes to the solution that can open up new moneymaking chances, but additionally risks pushing away some individuals.
On Thursday, Facebook announced that WhatsApp was altering its personal privacy policy for the first time given that the procurement to allow Facebook to see the contact number that an individual shares when they sign up for WhatsApp. Facebook can use this information to allow businesses to speak to users straight via WhatsApp, as they can currently do through Carrier, as well as will permit Facebook to show even more relevant ads to logged-in customers. Nonetheless, WhatsApp stated it would not share these phone numbers straight with individuals.
WhatsApp passed more than than 1 billion regular monthly individuals in February as well as is the most popular chat app in majority of the world, according to current stats from SimilarWeb.
Facebook had no discuss the sales, as it does not talk about individuals' investment choices.