CFO David Ebersman cashes in $43 mn of Facebook stock

Facebook's Chief Financial Officer David Ebersman has reportedly cashed in more than 900,000 shares of the company's stock, totaling nearly 43 million dollars.

The transaction had been pre-arranged as part of Ebersman's automatic trading plan, which means it does not necessarily reflect on the current status of Facebook.

According to Mashable, the 900,000-plus shares equate to roughly 8.5% of the CFO's total equity in the company.

Ebersman, joined Facebook in 2009 after spending years as an exec at biotech giant Genentech and helped lead the social networking giant through its public debut last year.

The report said that the CFO has been cashing in small chunks of his ownership nearly every month alongside other Facebook execs, such as chief operating officer Sheryl Sandberg who sold more than 2.3 million shares worth 91 million dollars.