Whatsapp Purchase Facebook
So our asked Equilar, a business that specializes in examining exec payment as well as business data, to assist us examine all the Securities and also Exchange Compensation filings related to Koum's sales for 2016.
Whatsapp Purchase Facebook
It ends up he's sold more than 22 million shares worth approximately $2.8 billion since January.
Facebook consented to buy WhatsApp in February 2014 for over $19 billion in supply, as well as the price had actually gone up to $22 billion by October, when the deal shut, thanks to Facebook's climbing stock cost. Koum possessed concerning 45% of the firm when he offered it, Forbes approximates, which means his take on paper had to do with $10 billion. He likewise obtained 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 common stock. He also had one more 19 million restricted supply units, which vest over time and work as an incentive for him to stay up until November 2018.
Based on that vesting routine, it appears like he's made concerning 3 million of those RSUs so far this year.
So overall, he's offered about one-third of his existing risk in Facebook this year.
Koum's stock sales come as WhatsApp continues to proliferate and also as the business is making changes to the service that can open new moneymaking chances, but additionally takes the chance of pushing away some individuals.
On Thursday, Facebook announced that WhatsApp was altering its privacy policy for the very first time because the procurement to enable Facebook to see the phone number that an individual shares when they sign up for WhatsApp. Facebook can utilize this information to allow companies to call customers directly with WhatsApp, as they can already do through Carrier, and also will enable Facebook to show more relevant ads to logged-in users. However, WhatsApp claimed it would certainly not share these contact number straight with customers.
WhatsApp passed more than than 1 billion monthly individuals in February as well as is one of the most preferred conversation application in over half of the world, according to current stats from SimilarWeb.
Facebook had no discuss the sales, as it doesn't comment on peoples' financial investment choices.