Facebook Whatsapp Deal
So our asked Equilar, a company that concentrates on evaluating executive payment as well as business information, to assist us take a look at all the Securities and also Exchange Compensation filings pertaining to Koum's sales for 2016.
Facebook Whatsapp Deal
It turns out he's marketed more than 22 million shares worth about $2.8 billion since January.
Facebook agreed 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 rising supply rate. Koum owned concerning 45% of the company when he offered 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 yearly proxy filing, Koum owned over 60 million shares of ordinary shares. He also had another 19 million restricted stock devices, which vest gradually as well as act as a reward for him to stay till November 2018.
Based upon that vesting routine, it resembles he's earned concerning 3 million of those RSUs so far this year.
So overall, he's offered concerning one-third of his current risk in Facebook this year.
Koum's supply sales come as WhatsApp continues to grow rapidly and as the business is making changes to the solution that might open brand-new moneymaking opportunities, yet additionally runs the risk of alienating some individuals.
On Thursday, Facebook introduced that WhatsApp was altering its privacy policy for the very first time given that the procurement to allow Facebook to see the contact number that a customer shares when they enroll in WhatsApp. Facebook can use this info to allow organisations to call customers straight through WhatsApp, as they can currently do via Messenger, and also will certainly enable Facebook to reveal more relevant ads to logged-in individuals. Nevertheless, WhatsApp claimed it would certainly not share these contact number straight with customers.
WhatsApp passed more than than 1 billion regular monthly users in February as well as is the most preferred chat application in majority of the world, according to recent stats from SimilarWeb.
Facebook had no discuss the sales, as it doesn't discuss peoples' investment decisions.