Whatsapp Facebook Deal
So our asked Equilar, a firm that focuses on assessing executive payment as well as company data, to assist us take a look at all the Stocks and Exchange Compensation filings related to Koum's sales for 2016.
Whatsapp Facebook Deal
It turns out he's offered more than 22 million shares worth roughly $2.8 billion since January.
Facebook consented to get WhatsApp in February 2014 for over $19 billion in stock, as well as the price had actually gone up to $22 billion by October, when the bargain closed, thanks to Facebook's climbing stock cost. Koum possessed concerning 45% of the business when he sold it, Forbes approximates, which means his take on paper was about $10 billion. He also obtained a seat on Facebook's board.
At the end of 2015, according to Facebook's yearly proxy declaring, Koum owned over 60 million shares of ordinary shares. He likewise had another 19 million restricted supply systems, which vest in time as well as work as a reward for him to stick around till November 2018.
Based on that vesting schedule, it appears like he's earned regarding 3 million of those RSUs thus far this year.
So generally, he's offered regarding one-third of his current risk in Facebook this year.
Koum's supply sales come as WhatsApp remains to proliferate and also as the firm is making changes to the service that could open up brand-new moneymaking opportunities, yet also runs the risk of pushing away some users.
On Thursday, Facebook revealed that WhatsApp was altering its privacy policy for the first time because the acquisition to allow Facebook to see the contact number that a customer shares when they sign up for WhatsApp. Facebook can use this info to allow businesses to speak to customers directly via WhatsApp, as they can currently do through Messenger, as well as will permit Facebook to show even more relevant advertisements to logged-in users. Nonetheless, WhatsApp claimed it would not share these contact number directly with customers.
WhatsApp passed greater than than 1 billion regular monthly individuals in February and also is one of the most preferred conversation application in over half of the globe, according to recent stats from SimilarWeb.
Facebook had no talk about the sales, as it doesn't talk about peoples' financial investment decisions.