The Reason Eduardo Saverin Isn't Listed As One Of Facebook's Top Shareholders

Eduardo Saverin

Facebook co-founder Eduardo Saverin sold some of his shares to Digital Sky Technologies, according to a new regulatory filing with the Securities and Exchange Commission.

At last report, Saverin was suspected to own around 5 per cent of Facebook. But he was absent from Facebook’s S-1 filing with the SEC.

That meant he either sold a part of his shares or they were diluted during an additional fundraising round. The new filing suggests the former.

The filing didn’t indicate how many shares he transferred to DST.

via Bloomberg

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