{"id":36393,"date":"2022-06-04T12:53:45","date_gmt":"2022-06-04T12:53:45","guid":{"rendered":"https:\/\/harchi90.com\/sheryl-sandberg-sold-meta-shares-worth-1-7b-over-last-decade-report\/"},"modified":"2022-06-04T12:53:45","modified_gmt":"2022-06-04T12:53:45","slug":"sheryl-sandberg-sold-meta-shares-worth-1-7b-over-last-decade-report","status":"publish","type":"post","link":"https:\/\/harchi90.com\/sheryl-sandberg-sold-meta-shares-worth-1-7b-over-last-decade-report\/","title":{"rendered":"Sheryl Sandberg sold Meta shares worth $ 1.7B over last decade: report"},"content":{"rendered":"<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Outgoing Meta Chief Operating Officer Sheryl Sandberg has reportedly sold a fortune in company shares during her 14-year tenure at the social media giant formerly known as Facebook.<\/p>\n<p>Sandberg, 52, was a fixture at Facebook over the last 14 years and played a key role in developing the advertising business that transformed the social media site into a revenue juggernaut over that period.  She announced her resignation from Meta on Wednesday.<\/p>\n<p>The company&#8217;s success also translated to a massive windfall for Sandberg &#8211; who has sold more than 75% of her after-tax shares in Meta through scheduled sale programs over the last decade, CNBC reported, citing calculations from analytics firm VerityData.<\/p>\n<p>Sandberg has generated more than $ 1.7 billion through sales of more than 22 million shares, with her most recent transaction occurring in October 2019, according to the outlet.  Some estimates place the executive&#8217;s windfall to be even higher.<\/p>\n<p>&#8220;[Sandberg\u2019s] sales over the past decade makes her one of the biggest insider sellers at any US company, \u201dBen Silverman, director of research at VerityData, told CNBC regarding the transactions.<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption>Sheryl Sandberg resigned as Meta&#8217;s COO earlier this week.<\/figcaption><figcaption><span class=\"credit\">AP<\/span><\/figcaption><\/figure>\n<p>At present, Sandberg has an estimated personal fortune of $ 1.6 billion, according to Forbes.  She ranks among the world&#8217;s richest female business leaders.<\/p>\n<p>Of the 48 million shares, options and restricted stock units that she has amassed since joining Meta, some 20 million were sold for tax purposes, Sandberg&#8217;s spokesperson told CNBC.  Another 22 million were sold through a 10b5-1 pre-schedule selling program.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"776\" height=\"1024\" src=\"https:\/\/i0.wp.com\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/sheryl-sandberg-sold-meta-shares-worth-1.7b-01.jpg?resize=776%2C1024&#038;ssl=1\" alt=\"Sheryl Sandberg\" class=\"wp-image-22522719\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/sheryl-sandberg-sold-meta-shares-worth-1.7b-01.jpg?quality=75&amp;strip=all&amp;w=1552 1552w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/sheryl-sandberg-sold-meta-shares-worth-1.7b-01.jpg?quality=75&amp;strip=all&amp;w=1164 1164w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/sheryl-sandberg-sold-meta-shares-worth-1.7b-01.jpg?quality=75&amp;strip=all&amp;w=776 776w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/sheryl-sandberg-sold-meta-shares-worth-1.7b-01.jpg?quality=75&amp;strip=all&amp;w=388 388w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/sheryl-sandberg-sold-meta-shares-worth-1.7b-01.jpg?quality=75&amp;strip=all 1024w\" sizes=\"(max-width: 776px) 100vw, 776px\" data-recalc-dims=\"1\"\/><figcaption>Sheryl Sandberg plans to focus on philanthropy.<\/figcaption><figcaption><span class=\"credit\">AFP via Getty Images<\/span><\/figcaption><\/figure>\n<p>The spokesperson added that Sandberg has gifted millions of additional shares toward charitable endeavors.<\/p>\n<p>Sandberg still holds about 1.4 million Meta shares, according to Forbes.  That stock was worth about $ 290 million as of Thursday and accounted for a less than 0.1% stake in the company.<\/p>\n<p>Sandberg announced her surprise resignation from Meta earlier this week, citing a desire to focus on philanthropic initiatives and her upcoming marriage to marketing CEO Tom Bernthal.  <\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"1024\" height=\"643\" src=\"https:\/\/i0.wp.com\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/sheryl-sandberg-sold-meta-shares-worth-1.7b-07.jpg?resize=1024%2C643&#038;ssl=1\" alt=\"Sheryl Sandberg\" class=\"wp-image-22522725\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/sheryl-sandberg-sold-meta-shares-worth-1.7b-07.jpg?quality=75&amp;strip=all&amp;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/sheryl-sandberg-sold-meta-shares-worth-1.7b-07.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/sheryl-sandberg-sold-meta-shares-worth-1.7b-07.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" data-recalc-dims=\"1\"\/><figcaption>Sheryl Sandberg joined Facebook 14 years ago.<\/figcaption><figcaption><span class=\"credit\">REUTERS<\/span><\/figcaption><\/figure>\n<p>Meanwhile, Meta has reportedly initiated an internal investigation into Sandberg&#8217;s potential misallocation of corporate resources to help plan her wedding. <\/p>\n<p>The Wall Street Journal reported that mounting internal scrutiny of Sandberg&#8217;s activities contributed to a feeling of burnout that factored into her exit from the company.<\/p>\n<\/p><\/div>\n<p>    .<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Outgoing Meta Chief Operating Officer Sheryl Sandberg has reportedly sold a fortune in company shares during her 14-year tenure at the social media giant formerly known as Facebook. Sandberg, 52, was a fixture at Facebook over the last 14 years and played a key role in developing the advertising business that transformed the social media &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/harchi90.com\/sheryl-sandberg-sold-meta-shares-worth-1-7b-over-last-decade-report\/\"> <span class=\"screen-reader-text\">Sheryl Sandberg sold Meta shares worth $ 1.7B over last decade: report<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[8],"tags":[8032,116,706,14993,9926,532,50],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/sheryl-sandberg-sold-meta-shares-worth-1.7b-02.jpg?quality=75&strip=all&w=1024","_links":{"self":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/36393"}],"collection":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/comments?post=36393"}],"version-history":[{"count":0,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/36393\/revisions"}],"wp:attachment":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media?parent=36393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/categories?post=36393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/tags?post=36393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}