Mark Zuckerberg has sold $357 million worth of Facebook shares this month, ramping up his regularly-timed stock selling to fund his philanthropic efforts.
The company CEO and founder, who sold just under $1 billion last year in two dozen sales made at regular intervals, has executed seven separate sales transactions in February, according to his latest securities filings.
Zuckerberg said in September he would sell between 35 million and 75 million shares over the following 18 months to help fund the philanthropic Chan Zuckerberg Initiative.
The planned sales, worth between $6 billion and $12.5 billion when announced, would be worth up to $13 billion at the stock’s current price near $185 a share.
According to Zuckerberg’s latest statement of stock ownership, filed earlier this month, he still controls 87 percent of Facebook voting shares.
Facebook shares rose as much as 1 percent to $185.66 in early trading Monday.
