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Sheryl Sandberg And 5 Other Facebook Execs Convert RSUs To Real Stock, But Aren’t Selling Any Yet

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http://techcrunch.com – As stock-lockup expirations  loom, six of Facebook’s top officers (but not Zuck) filed Form 4s today to notify the SEC their RSUs will vest into 45.3 million Class B shares on October 29th, but they won’t be selling any. Facebook will withhold roughly 45% of those shares and keep them from the public market in exchange for paying the tax on those issued so executives don’t have to pay taxes up front. The strategy should help keep the $FB price more stable as stock lock-ups expire and more shares hit the NASDAQ. The employees filing Form 4s today are Sheryl Sandberg (COO), Da (IT news)

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