Skip to main content
No. of Recommendations: 5
Bergman's sales of FSLY are 12b5-1 plan sales - prearranged, regular sales at set intervals. He set in motion a diversification plan a while ago. It really means almost nothing. All his advisors would have urged him to do it. He still owns over a $.5 billion in FSLY.

Bixby is like most non-founder CEOs. FSLY shares are viewed as comp and are sold when they vest. (I'm not a CEO, and I certainly view my stock options this way.) This is also the prudent approach because if your shares vest (and are income at vesting price) and then drop you pay more tax than they are worth. Too much of a gamble. Some plans are set up to auto sell shares to pay a withholding amount.

Mike
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.