Facebook Whatsapp Acquisition
So our asked Equilar, a firm that focuses on analyzing executive payment as well as corporate information, to assist us take a look at all the Stocks and Exchange Commission filings related to Koum's sales for 2016.
Facebook Whatsapp Acquisition
It turns out he's marketed greater than 22 million shares worth about $2.8 billion given that January.
Facebook accepted purchase WhatsApp in February 2014 for over $19 billion in stock, and the rate had actually increased to $22 billion by October, when the bargain closed, thanks to Facebook's rising supply price. Koum owned regarding 45% of the business when he offered it, Forbes approximates, which means 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 annual proxy declaring, Koum had over 60 million shares of common stock. He likewise had one more 19 million limited stock devices, which vest over time as well as function as a reward for him to stay until November 2018.
Based on that vesting schedule, it appears like he's earned concerning 3 countless those RSUs up until now this year.
So generally, he's marketed regarding one-third of his current stake in Facebook this year.
Koum's supply sales come as WhatsApp continues to grow rapidly and also as the company is making changes to the service that might open new moneymaking possibilities, yet also runs the risk of estranging some customers.
On Thursday, Facebook introduced that WhatsApp was altering its privacy policy for the first time considering that the acquisition to enable Facebook to see the contact number that a user shares when they sign up for WhatsApp. Facebook can use this information to permit organisations to contact users straight with WhatsApp, as they can currently do through Carrier, and also will certainly enable Facebook to show more pertinent ads to logged-in users. Nonetheless, WhatsApp said it would certainly not share these phone numbers directly with customers.
WhatsApp passed more than than 1 billion regular monthly customers in February and is one of the most prominent conversation app in more than half of the globe, according to current stats from SimilarWeb.
Facebook had no talk about the sales, as it does not comment on peoples' investment decisions.