Warning: session_start(): Session cannot be started after headers have already been sent in /var/www/html/dev.webpronews.com/public_html/wp-content/themes/wpn_theme/templates/mc-sub-group.php on line 2
Zynga CEO Selling $225 Million Worth Of Stock «

Zynga CEO Selling $225 Million Worth Of Stock

Zynga CEO Mark Pincus will be selling 15% of his stake in the company, roughly 16.5 million shares, in Zynga’s secondary offering, according to its latest SEC filing. Against yesterday’s c...
Zynga CEO Selling $225 Million Worth Of Stock
Written by

Zynga CEO Mark Pincus will be selling 15% of his stake in the company, roughly 16.5 million shares, in Zynga’s secondary offering, according to its latest SEC filing.

Against yesterday’s closing price, the shares are worth $227 million. Adjusted to an assumed discount to where it’s traded, Pincus will likely end up with about $225 million.

Fortune’s Dan Promack sorted out the filing, and came up with this list on everyone who is selling:

CEO Mark Pincus: 16.5 million shares, leaving him with around 94 million shares
Institutional Venture Partners: 5.8 million shares, leaving it with around 28.5 million shares
Union Square Ventures: 5.2 million shares, leaving it with around 25.5 million shares
Reid Hoffman: 687,000 shares, leaving him with nearly 3.9 million shares.
Own Van Natta: 505,000 shares, leaving him with around 2.18 million shares.

Zynga, the social network game developer (Farmville), was recently in the news for acquiring OMGPOP, the maker of “Draw Something.” It was also recently reported that Zynga’s stock had been downgraded by JP Morgan.

Subscribe for Updates

Newsletter

By signing up for our newsletter you agree to receive content related to ientry.com / webpronews.com and our affiliate partners. For additional information refer to our terms of service.
Get the WebProNews newsletter delivered to your inbox

Get the free daily newsletter read by decision makers

Subscribe
Advertise with Us

Ready to get started?

Get our media kit