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Facebook (FB) +1.9% AH after disclosing in an 8-K Mark Zuckerberg has no plans to sell any...

Facebook (FB) +1.9% AH after disclosing in an 8-K Mark Zuckerberg has no plans to sell any shares for at least 12 months. In addition, directors Mark Andreessen and Donald Graham have no plans to sell save for tax-payment purposes. All three will be eligible to sell following this fall's lockup expirations. Facebook also states it plans to report Q3 results on Oct. 23. (more on FB)
Comments (16)
  • idkmybffjill
    , contributor
    Comments (1709) | Send Message
     
    Darn. There goes my plan to buy puts lol.
    4 Sep 2012, 05:02 PM Reply Like
  • Rhence Platt
    , contributor
    Comments (15) | Send Message
     
    let it rise on this news and buy em at the peak!
    4 Sep 2012, 06:31 PM Reply Like
  • Ted Bear
    , contributor
    Comments (627) | Send Message
     
    First shot across the bow.

     

    Wait till the first insider "buy" of 10 million shares gets reported.

     

    There is always a chance to cover.

     

    This might be it.
    4 Sep 2012, 05:05 PM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    To late and way to stupid...but there still is another trillion or so shares that get unlocked this year right????
    4 Sep 2012, 05:11 PM Reply Like
  • Silver Surfer
    , contributor
    Comments (72) | Send Message
     
    Seriously, 1.5 billion shares coming out in the next few months and this news matters? I think not.
    4 Sep 2012, 05:34 PM Reply Like
  • XRTrader
    , contributor
    Comments (610) | Send Message
     
    Well, when Zuck and co own nearly 500 million shares, then yes, even if 1.3 billion are being unlocked it does matter. That means that nearly 50% of the unlocked shares are not really coming to market (specially if you look at strategic partners that also will not sell).
    4 Sep 2012, 11:48 PM Reply Like
  • Silver Surfer
    , contributor
    Comments (72) | Send Message
     
    "Tuesday, September 4, 5:31 PM More on Facebook's 8-K: Though Mark Zuckerberg won't be selling for a while, employees will get to sell a little sooner: the lockup expiration for 234M shares held by Facebook workers has been moved up to Oct. 29 from Nov. 14. 749M shares will still become eligible for sale on Nov. 14 (not including those held by Zuck), followed by 156M on Dec. 14 and 47M on May 18, 2013."

     

    ATTENTION: "(not including those held by Zuck)"
    5 Sep 2012, 06:57 AM Reply Like
  • ManoLive
    , contributor
    Comments (437) | Send Message
     
    If it rallys tomorrow, that will be a put buying opportunity.
    4 Sep 2012, 05:41 PM Reply Like
  • kmi
    , contributor
    Comments (4275) | Send Message
     
    Zuckerberg is going to be defending FB's price through his e-trade account.

     

    Yes, I'm joking....
    4 Sep 2012, 05:58 PM Reply Like
  • thor34
    , contributor
    Comments (101) | Send Message
     
    Shouldn't this read "Mark Zuckerburg has no plans to sell any 'ADDITIONAL' shares in the next 12 months" being that he already blew out of 30,200,000 Shares at $31 for $936,200,000.00
    4 Sep 2012, 06:02 PM Reply Like
  • Rhence Platt
    , contributor
    Comments (15) | Send Message
     
    Fantastic! At least 12 more months of uncertainty about when and how many of their shares come to market. Everyone already knew Zuck wouldn't sell much anyway. Don't have the numbers right in front of me, but looking at how, percentage-wise, this affects the looming lockup ending. My initial thought is a bad, or maybe even flat quarter obliterates any positive from this. Also, the sell rate of smaller insiders captures my attention the most, my thought is they ultimately determine if a lockup equals a crater. If the ship is sinking, why would you want to ride it down just because high level insiders are as well?
    4 Sep 2012, 06:31 PM Reply Like
  • Silver Surfer
    , contributor
    Comments (72) | Send Message
     
    The market should view moves like this as absolute desperation.
    4 Sep 2012, 06:44 PM Reply Like
  • realornot
    , contributor
    Comments (1281) | Send Message
     
    sure, rally up another $1!!! big deal.
    4 Sep 2012, 07:24 PM Reply Like
  • Ashraf Eassa
    , contributor
    Comments (9241) | Send Message
     
    It's easy to not need to sell anymore shares after dumping $1B worth @ IPO.
    4 Sep 2012, 07:29 PM Reply Like
  • Iceberg
    , contributor
    Comments (20) | Send Message
     
    All this does is introduce a new lockup expiration date 12 months from now!
    4 Sep 2012, 11:12 PM Reply Like
  • DaLatin
    , contributor
    Comments (1522) | Send Message
     
    Wow, that is a big gamble ! If they trade on the pink sheets by then the commission soars and might cut his wealth even more !
    5 Sep 2012, 06:00 AM Reply Like
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