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Zuckerberg gave $300mn in stock over the past month in charity

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CIOL Writers
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CIOL MArk Zuckerberg has already sold more than $300 million in stock

When Mark Zuckerberg says something, he makes sure he does it (Some of you might disagree). Atleast, in here he is damn serious.

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Not so long ago, Zuckerberg had said that ‘I’m gonna give all my money away’ and well the man is practicing what he said. He has sold nearly $300 million in Facebook stock over the past month, including a $95 million sale over the past few trading days, according to a Securities and Exchange Commission document filed Tuesday.

Zuckerberg sold approximately 742,000 shares of stock last week using a 10b5-1 trading plan, according to the filing — the kind of plan executives use to avoid concerns over insider trading. It’s the third $95 million stock sale Facebook’s chief has made since mid-August, and apparently they’ll continue to come with regularity.

Though, $95 million might look like huge sum for us, it’s merely a drop in Zuckerberg’s ocean of wealth and ownership in the company. He still has over 400 million shares of Facebook stock.

After his daughter’s birth last year, Mark Zuckerberg promised to donate 99 percent of his Facebook shares — valued at close to $45 billion — over his lifetime and this sale was made as part of that plan, according to the filing.

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