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Facebook’s Sandberg Sells $7.44 Million in Stock After Lock-Up

Facebook Inc. Chief Operating Officer Sheryl Sandberg sold $7.44 million in shares as the company frees up more stock for trading following its initial public offering in May.

Sandberg sold 339,512 shares at about $21.10 apiece on Oct. 31, the first trading day after the latest round of lock-up restrictions ended, a regulatory filing showed yesterday. She also sold 13,392 shares at $20.79 apiece, according to the document.