Whatsapp Sale to Facebook
So our asked Equilar, a business that concentrates on analyzing executive payment as well as business data, to help us examine all the Securities and Exchange Commission filings related to Koum's sales for 2016.
Whatsapp Sale To Facebook
It ends up he's marketed more than 22 million shares worth about $2.8 billion because January.
Facebook consented to get WhatsApp in February 2014 for over $19 billion in stock, and also the price had actually increased to $22 billion by October, when the bargain closed, thanks to Facebook's rising supply cost. Koum possessed concerning 45% of the firm when he marketed it, Forbes estimates, which implies his take on paper had to do with $10 billion. He likewise got a seat on Facebook's board.
At the end of 2015, according to Facebook's yearly proxy filing, Koum possessed over 60 million shares of common stock. He likewise had one more 19 million restricted stock systems, which vest gradually and act as a motivation for him to stay until November 2018.
Based upon that vesting timetable, it resembles he's gained concerning 3 numerous those RSUs up until now this year.
So in general, he's offered regarding one-third of his existing risk in Facebook this year.
Koum's supply sales come as WhatsApp continues to grow rapidly and also as the firm is making changes to the solution that could open brand-new moneymaking possibilities, yet additionally runs the risk of estranging some individuals.
On Thursday, Facebook revealed that WhatsApp was changing its privacy plan for the very first time since the procurement to permit Facebook to see the contact number that an individual shares when they register for WhatsApp. Facebook can use this details to allow services to contact users directly with WhatsApp, as they can currently do with Carrier, and will certainly enable Facebook to reveal even more appropriate ads to logged-in customers. However, WhatsApp stated it would certainly not share these telephone number directly with individuals.
WhatsApp passed more than than 1 billion month-to-month customers in February as well as is the most popular chat application in majority of the world, according to current stats from SimilarWeb.
Facebook had no talk about the sales, as it does not discuss individuals' financial investment choices.