One of Facebook's co-founders has joined the ranks of major players in the company who have recently unloaded major portions of their stock.
Dustin Moskovitz, 28, unloaded 450,000 shares, or about 6% of his holdings in the company he helped start at Harvard, according to documents filed with the Securities and Exchange Commission.
Moskovitz, who is on Forbes' list of billionaires, began selling the Facebook shares late last week and continued through Monday, according to the documents made public Tuesday.
He made three sales of 150,000 shares each, for a total of about $8.8 million. Moskovitz still owns 7.05 million shares, worth more than $137 million, based on Facebook's closing stock price Wednesday.