Facebook chief operating officer Sheryl Sandberg has sold off $91 million worth of stock this week, according to a filing with the Securities and Exchange Commission.
Sandberg, who has periodically sold some of her holdings since Facebook’s May 2012 IPO, on Wednesday cashed in a total of 2.37 million shares at prices ranging from $37.79 to $38.78.
Over the past few weeks, Facebook’s stock price steadily rose and finally hit its IPO price of $38 a share on July 31.
The social network brought in $1.813 billion in revenue last quarter, which is 53 percent year over year.
