Facebook Bought Whatsapp
So our asked Equilar, a company that focuses on assessing exec payment and company data, to assist us examine all the Securities and also Exchange Compensation filings related to Koum's sales for 2016.
Facebook Bought Whatsapp
It turns out he's offered more than 22 million shares worth approximately $2.8 billion considering that January.
Facebook agreed to buy WhatsApp in February 2014 for over $19 billion in supply, and the rate had gone up to $22 billion by October, when the deal closed, thanks to Facebook's increasing supply price. Koum owned concerning 45% of the company when he offered it, Forbes approximates, which means his take on paper had to do with $10 billion. He additionally 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 another 19 million restricted supply devices, which vest over time and serve as an incentive for him to remain up until November 2018.
Based upon that vesting timetable, it resembles he's earned about 3 million of those RSUs thus far this year.
So generally, he's offered concerning one-third of his present risk in Facebook this year.
Koum's stock sales come as WhatsApp continues to proliferate and also as the firm is making changes to the service that might open up brand-new moneymaking chances, however likewise takes the chance of estranging some users.
On Thursday, Facebook revealed that WhatsApp was changing its personal privacy plan for the very first time since the procurement to permit Facebook to see the telephone number that a user shares when they sign up for WhatsApp. Facebook can utilize this information to enable businesses to contact individuals straight via WhatsApp, as they can currently do via Messenger, and will allow Facebook to show even more appropriate advertisements to logged-in individuals. Nevertheless, WhatsApp stated it would not share these phone numbers directly with individuals.
WhatsApp passed greater than than 1 billion monthly customers in February and is one of the most preferred chat app in majority of the world, according to recent statistics from SimilarWeb.
Facebook had no comment on the sales, as it doesn't discuss peoples' financial investment decisions.