Facebook Deal with Whatsapp
So our asked Equilar, a company that focuses on analyzing exec payment and company data, to assist us take a look at all the Stocks and Exchange Compensation filings related to Koum's sales for 2016.
Facebook Deal With Whatsapp
It ends up he's offered more than 22 million shares worth about $2.8 billion considering that January.
Facebook accepted acquire WhatsApp in February 2014 for over $19 billion in stock, and also the rate had risen to $22 billion by October, when the deal closed, thanks to Facebook's climbing stock price. Koum owned about 45% of the business when he offered it, Forbes estimates, which indicates 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 possessed over 60 million shares of common stock. He likewise had one more 19 million restricted stock systems, which vest over time and also work as a reward for him to stick around till November 2018.
Based upon that vesting routine, it resembles he's gained concerning 3 countless those RSUs until now this year.
So on the whole, he's marketed about one-third of his existing risk in Facebook this year.
Koum's supply sales come as WhatsApp continues to proliferate and as the company is making changes to the service that can open up brand-new moneymaking chances, however also takes the chance of pushing away some individuals.
On Thursday, Facebook announced that WhatsApp was transforming its personal privacy policy for the first time considering that the purchase to permit Facebook to see the contact number that a user shares when they sign up for WhatsApp. Facebook can use this information to allow organisations to call individuals directly through WhatsApp, as they can currently do via Carrier, and will certainly enable Facebook to show more pertinent ads to logged-in users. Nevertheless, WhatsApp stated it would certainly not share these phone numbers directly with individuals.
WhatsApp passed greater than than 1 billion month-to-month users in February as well as is one of the most preferred chat app in over half of the globe, according to current stats from SimilarWeb.
Facebook had no talk about the sales, as it does not talk about peoples' investment choices.