Whatsapp Bought by Facebook
So our asked Equilar, a business that focuses on assessing exec payment and also company data, to help us take a look at all the Securities and also Exchange Compensation filings pertaining to Koum's sales for 2016.
Whatsapp Bought By Facebook
It ends up he's sold greater than 22 million shares worth roughly $2.8 billion since January.
Facebook consented to get WhatsApp in February 2014 for over $19 billion in supply, and the cost had actually gone up to $22 billion by October, when the bargain closed, thanks to Facebook's climbing supply rate. Koum had concerning 45% of the company when he marketed it, Forbes estimates, which indicates his take on paper was about $10 billion. He likewise got a seat on Facebook's board.
At the end of 2015, according to Facebook's annual proxy filing, Koum had over 60 million shares of ordinary shares. He likewise had one more 19 million limited supply devices, which vest gradually and work as a reward for him to stay up until November 2018.
Based upon that vesting timetable, it looks like he's made about 3 countless those RSUs so far this year.
So generally, he's sold about one-third of his present risk in Facebook this year.
Koum's supply sales come as WhatsApp remains to proliferate and as the business is making changes to the solution that could open up brand-new moneymaking possibilities, but additionally runs the risk of pushing away some customers.
On Thursday, Facebook introduced that WhatsApp was transforming its privacy policy for the first time since the acquisition to allow Facebook to see the contact number that a customer shares when they sign up for WhatsApp. Facebook can utilize this information to permit services to call individuals directly via WhatsApp, as they can already do via Carrier, and will certainly enable Facebook to show more pertinent advertisements to logged-in customers. Nonetheless, WhatsApp claimed it would not share these contact number straight with individuals.
WhatsApp passed more than than 1 billion monthly users in February and also is one of the most popular conversation app in more than half of the globe, according to recent statistics from SimilarWeb.
Facebook had no talk about the sales, as it doesn't talk about peoples' investment choices.