Sheryl Sandberg Sells Facebook Stock for $91 Million

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By Amanda Wills2013-08-10 02:28:24 UTC

Facebook Chief Operating Officer Sheryl Sandberg raked in $91 million this week after taking advantage of the social network's recent stock bump.

According to a filing made late Friday afternoon with the Securities and Exchange Commission, Sandberg cashed in 2.37 million shares — which is only about 5% of her total shares — at prices ranging from $37.79 to $38.78 on Wednesday.

See also: How Facebook Has Changed Since Going Public 1 Year Ago

Over the past few weeks, Facebook's stock price steadily rose and finally hit its IPO price of $38 a share on July 31. This week, the company hired its first chief marketing officer.

Sandberg has been periodically offloading her shares since the company went public in May 2012. Despite dips in stock price, she made more than $43 million this year.

Facebook brought in $1.813 billion in revenue last quarter. The company's shares closed $0.04 down at $38.50 on Friday.

Image: VINCENZO PINTO/AFP/Getty Images

Topics: Business, Facebook, Facebook stock, Sheryl Sandberg, stock