Facebook backer Jim Breyer sells $7.2M in stock
Facebook backer Jim Breyer
Jim Breyer, the venture capitalist whose firm Accel Partners made an early bet on Facebook, last week sold shares of Facebook worth more than $81.1 million, according to a filing with the Securities and Exchange Commission.
More specifically, Breyer, who sits on Facebook’s board, sold 3,563,387 shares at prices ranging from $22.48 to $23.29 per share. The sales occurred last Thursday.
While those prices are a far cry from the $38 a share that Facebook went public at in May, Breyer still hit a high point of late. The stock had just rallied following Facebook’s…
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