Whatsapp Sale to Facebook New Updated 2019
So our asked Equilar, a business that concentrates on evaluating exec payment and corporate data, to help us take a look at all the Stocks and Exchange Commission filings pertaining to Koum's sales for 2016.
Whatsapp Sale To Facebook
It ends up he's sold greater than 22 million shares worth about $2.8 billion given that January.
Facebook agreed to get WhatsApp in February 2014 for over $19 billion in stock, as well as the cost had actually increased to $22 billion by October, when the bargain closed, thanks to Facebook's rising stock cost. Koum owned regarding 45% of the business when he offered it, Forbes approximates, which implies his take on paper was about $10 billion. He likewise obtained a seat on Facebook's board.
At the end of 2015, according to Facebook's annual proxy filing, Koum owned over 60 million shares of ordinary shares. He likewise had another 19 million restricted supply units, which vest over time and function as an incentive for him to linger until November 2018.
Based upon that vesting schedule, it looks like he's earned about 3 million of those RSUs until now this year.
So in general, he's sold regarding one-third of his current risk in Facebook this year.
Koum's stock sales come as WhatsApp continues to proliferate and as the business is making changes to the solution that might open new moneymaking chances, yet likewise takes the chance of estranging some customers.
On Thursday, Facebook introduced that WhatsApp was altering its personal privacy plan for the first time given that the acquisition to permit Facebook to see the telephone number that a user shares when they register for WhatsApp. Facebook can use this information to permit businesses to call individuals straight with WhatsApp, as they can already do via Carrier, and also will enable Facebook to show more appropriate ads to logged-in individuals. However, WhatsApp stated it would not share these contact number directly with individuals.
WhatsApp passed greater than than 1 billion monthly users in February as well as is one of the most prominent conversation application in majority of the globe, according to recent stats from SimilarWeb.
Facebook had no talk about the sales, as it does not discuss peoples' financial investment decisions.