Yahoo Founders To Sell Up To 5 Million Shares
paidContent.org reports Yahoo’s founders will be selling up to 5 million shares of Yahoo stock. The SEC filing shows that Jerry Yang, the former CEO, will be selling 3 million shares and David Filo will sell up to 2 million shares. Overall, in the scheme of how many shares both own, 5 million shares of […]
Barry Schwartz on February 12, 2010 at 9:25 am | Reading time: 1 minute
paidContent.org reports Yahoo’s founders will be selling up to 5 million shares of Yahoo stock. The SEC filing shows that Jerry Yang, the former CEO, will be selling 3 million shares and David Filo will sell up to 2 million shares.
Overall, in the scheme of how many shares both own, 5 million shares of Yahoo is small. Both owned 133 million shares, so reducing the number by 5 million is not much. At the current value, 5 million shares is worth about $75 million.
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Barry Schwartz is a Contributing Editor to Search Engine Land and a member of the programming team for SMX events. He owns RustyBrick, a NY based web consulting firm. He also runs Search Engine Roundtable, a popular search blog on very advanced SEM topics. Barry can be followed on Twitter here.