Zynga Founder Mark Pincus Has Sold $110 Million In Stock

Zynga founder and CEO Mark Pincus has sold $110 million worth of his Zynga stock, according to the company’s filing to go public.

Sounds like a lot, but it’s not. Pincus still owns 16% of the company, more than any other shareholder.

For some context, Groupon CEO Andrew Mason only sold $10 million back to the company. Though, Groupon founder Eric Lefkofsky sold $257 million back.

Pincus sold his shares in March 2011. We’d guess he was trying to cash out before the IPO lock up period.

See also: Who Gets Rich Off The Zynga IPO?

Here’s a table breaking down insider transactions from the S1. You can see USV has sold $45 million worth of stock:

Zynga share repurchases

Photo: SEC

And here’s who owns what:

Photo: SEC

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.