Skip to main content

The context you need, when you need it

When news breaks, you need to understand what actually matters — and what to do about it. At Vox, our mission to help you make sense of the world has never been more vital. But we can’t do it on our own.

We rely on readers like you to fund our journalism. Will you support our work and become a Vox Member today?

Join now

Facebook’s Mark Zuckerberg has sold almost $300 million in stock over the past month

It’s part of his pledge to give away all his wealth.

Annual Allen And Co. Investors Meeting Draws CEO’s And Business Leaders To Sun Valley, Idaho
Annual Allen And Co. Investors Meeting Draws CEO’s And Business Leaders To Sun Valley, Idaho
Drew Angerer/Getty Images

Facebook CEO Mark Zuckerberg is taking the whole I’m gonna give all my money away thing pretty seriously.

Zuckerberg has sold nearly $300 million in Facebook stock over the past month, including a $95 million sale over the past few trading days, according to a Securities and Exchange Commission document filed Tuesday.

Zuckerberg sold roughly 742,000 shares of stock in the past week using a 10b5-1 trading plan, according to the filing — the kind of plan executives use to avoid concerns over insider trading. It’s the third $95 million stock sale Zuckerberg has made since mid-August, and it looks as though they’ll continue to come with regularity.

This shouldn’t come as a surprise, or a concern, to Facebook investors. Zuckerberg has promised to give away almost all of his Facebook stock over his lifetime, and this sale was made as part of that plan, according to the filing.

And while $95 million is a lot of money to most people, it’s a very small portion of Zuckerberg’s overall wealth and ownership in the company. (He still has over 400 million shares of Facebook stock.) We don’t know where the money will be spent, but I’m guessing we’ll hear about it once the money finds a home.

This article originally appeared on Recode.net.

More in Technology

Future Perfect
How to fall in love with humanity againHow to fall in love with humanity again
Future Perfect

Tech culture has made contempt for humanity feel enlightened. We can do better.

By Sigal Samuel
America, Actually
Inside the fight over America’s data centersInside the fight over America’s data centers
Podcast
America, Actually

“The ugliest thing I’ve ever seen”: How New Jersey residents feel about a data center in their backyard.

By Astead Herndon
Podcasts
Could you spot an AI-written book?Could you spot an AI-written book?
Podcast
Podcasts

An author set up an experiment to find out.

By Amina Al-Sadi and Noel King
Future Perfect
The 5 most unhinged revelations from Elon Musk’s lawsuit against OpenAIThe 5 most unhinged revelations from Elon Musk’s lawsuit against OpenAI
Future Perfect

The Musk v. OpenAI trial is over. Here are the receipts.

By Sara Herschander
Podcasts
Are humanoid robots all hype?Are humanoid robots all hype?
Podcast
Podcasts

AI is making them better — but they’re not going to be doing your chores anytime soon.

By Avishay Artsy and Sean Rameswaram
Future Perfect
The old tech that could help stop the next airborne pandemicThe old tech that could help stop the next airborne pandemic
Future Perfect

Glycol vapors, explained.

By Shayna Korol