Earlier this year, Zynga’s CEO unloaded $109 mn worth of stock. The buyer was Zynga. And, he was only one of many who cashed out at the company’s expense this year. Other shareholders selling included: Union Square Ventures ($45.8 mn), Foundry ($22.6 mn), Institutional Venture Partners ($22.4 mn), Avalon Ventures VIII LP ($20.8 mn) and Kleiner Perkins ($6 mn).

And, there was other selling action in the C-suite: Cadir Lee (CTO) and Michael Verdu (chief creative officer) each sold $2.9 mn in stock each back to the company.

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Source: San Francisco Business Times

Photo: Marc van der Chijs via Flickr