Sheryl Sandberg will cease to be COO of Meta next fall, but he’s not leaving empty-handed. He stays on his board of directors, on the one hand. On the other hand, he has a significant package of shares in the company, despite the fact that he has sold a more than remarkable amount in the last decade. Sandberg, according to CNBC, has sold titles for a value that exceeds 1,700 million dollars and could even reach 1,900 million. This makes her the second richest woman in the tech world, after Meg Whitmanthe former CEO of HPE, who has an estimated fortune of $3.2 billion, according to Forbes.
Of course, unlike Whitman, Sandberg has never held a CEO position, and is one of the few that has neither been nor founded a company to become a billionaire in the world of technology. In addition, he has not kept the shares of the company in which he has worked as other managers do, who use them as a sign of trust in the company.
Sandberg has been selling her shares continuously since 2012, selling some 22 million shares in total, making her one of the biggest stock sellers from within a US company in the last decade. According to a Sandberg spokeswoman, the board bought 48 million long-term restricted shares, stock options and common stock of Facebook while she has been with the company. And when they have had higher values, he has sold them.
The shares had an initial selling price of $38 per share when the company launched its IPO in 2012, and reached their highest value last September at $382 per share. The average selling price of the shares Sandberg has divested of over the past 10 years has been $79.10 per share. His most recent operation was in October 2019.
Despite being a billionaire, she is not as ostentatious as other heavyweights in the world of technology, apart from having high-end housing. Yes, he has made several million dollar donations to non-governmental organizations, and in fact has plans to dedicate himself more to working with NGOs. Probably, at least in some cases, those who work on behalf of women and girls.
Sandberg has also made donations within politics. Throughout her career she has contributed donations to the wagon of several Democratic Party candidates, and has held numerous fundraisers for them.
In addition to the shares he has sold, Sandberg still has a million and a half Facebook titles (soon to be owned by Meta), with a market value of about $290 million, in a revocable fund. Also has 333,642 shares of restricted stock that you have not yet redeemed, although it is possible that some may be available before you leave your position because of the period in which you can access them.
Photo: World Economic Forum
