Early Facebook (FB +5%) investor and director Peter Thiel discloses he sold 20.06M shares on...

|About: Facebook (FB)|By:, SA News Editor

Early Facebook (FB +5%) investor and director Peter Thiel discloses he sold 20.06M shares on Thursday and Friday, following the end of Facebook's lockup expiration. Thiel, who obtained his shares at an adjusted price of $0.004, had converted 9M ahead of the expiration from Class B to Class A to facilitate their sale. He now holds only ~8M Facebook shares, compared with over 44M before the IPO. (more on FB)