Joystiq http://www.joystiq.com Joystiq http://www.blogsmithmedia.com/http://www.joystiq.com/media/feedlogo.gif Joystiq http://www.joystiq.com en-us Copyright 2013 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Zynga executives unloading 20 million shares in secondary offering]]>http://www.joystiq.com/2012/03/31/zynga-executives-unloading-20-million-shares-in-secondary-offeri/http://www.joystiq.com/2012/03/31/zynga-executives-unloading-20-million-shares-in-secondary-offeri/http://www.joystiq.com/2012/03/31/zynga-executives-unloading-20-million-shares-in-secondary-offeri/#comments Zynga is prepping for its upcoming secondary stock offering, which will put 43 million shares of the company up for sale -- 20.2 million of which are "Class B" shares that currently belong to the high ranking Zynga executives.

In descending order of shares being sold, cofounder Mark Pincus is unloading the most at 16.5 million shares, roughly 15 percent of his ownership of the company. Directors Reid Hoffman and Owen Van Natta come in second and third, selling 687,626 shares and 505,627 shares respectively. CFO David Wehner is selling more than 50 percent of his ownership in the company by offering 386,865 shares, followed closely by COO John Schappert whose 322,350 buyable shares make up nearly 45 percent of his total stake.

It's easy to read into things like this and infer all kinds of assumptions, both positive and negative, about what it means for the company. So instead of doing that, let's all forget the stock market even exists and watch cat videos.

JoystiqZynga executives unloading 20 million shares in secondary offering originally appeared on Joystiq on Sat, 31 Mar 2012 20:00:00 EST. Please see our terms for use of feeds.

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