Facebook co-founder Moskovitz sells 450K shares
Saturday, August 25, 2012
NEW YORK (AP) — Facebook co-founder Dustin Moskovitz has shed 450,000 shares in the social network in recent days for about $8.7 million, according to a regulatory filing on Friday.
Moskovitz, 28, was Mark Zuckerberg's roommate at Harvard when they launched Facebook in 2004. He left Facebook in 2008 and started Asana, whose software helps manage projects.
Between Wednesday and Friday, Moskovitz sold the Class A shares for $19 to $19.73 each, according to the filing with the Securities and Exchange Commission. That's on top of the 450,000 shares he sold earlier this week for $18.79 to $20.08 each, raising nearly $9 million.
He still owns more than 132 million Class A and B shares. He did not sell any stock in Facebook's IPO.
Shares of the Menlo Park, Calif.-based company closed Friday down 3 cents at $19.41.