Published On: Wed, May 27th, 2015

Sergey Brin Sells More of his Google Shares

He and Larry Page announced in February They Intended to put Some $4.4 Billion Worth of Shares on the Market Over Time

 

Google Inc co-founder Brin arrives on the red carpet during the 2nd Annual Breakthrough Prize Awards at the NASA Ames Research Center in Mountain View

Google co-founder Sergey Brin earned some $18 million on Tuesday by selling 33, 332 shares of his company’s stock, WKRB reported.

Brin, as is mandated, reported the transaction to the Securities and Exchange Commission.

He is left with roughly $12 billion in Google stock or about 21, 689, 383 shares in the world’s foremost search engine’s company.

 

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Brin co-founded Google with Larry Page. Both men continue to take a $1 annual salary. The ongoing sales are in line with plans Brin and Page announced in February to sell some $4.4 billion worth of stock over the next two years. That would leave them little wriggle room if they want to maintain control of the company.

While recently overtaken by Apple, Google remains one of the top brands in the world according to Millward Brown’s annual “Brand Z” rankings.

Google closed down at $532.32 per share Tuesday on NASDAQ. The company announced 2015 first quarter earnings of $15.42 billion, slightly less than what some market analysts had projected, according to WKRB, which is based in Salt Lake City, Utah.

 

 

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