NEW YORK -- Facebook co-founder Dustin
Moskovitz has sold 5.7 million shares of the company's stock, a small
fraction of his total holdings.
MORE: Facebook stock up after CEO no-sale pledge
Mark Zuckerberg's Harvard roommate when they founded Facebook in 2004.
Moskovitz, 28, left Facebook in 2008 and started Asana, a company that
makes project management software.
He has been disclosing stock sales every few days since Aug. 17. He did not sell any stock in Facebook's IPO.
MORE: Facebook co-founder sells 450,000 shares
He sold the shares Wednesday, Thursday and Friday for proceeds of more than $108 million.
Moskovitz still owns about 126 million shares of Facebook, which is headquartered in Menlo Park, Calif.
Facebook has been trading at about half of its $38 initial public offering price.
The stock was down 1.5% to $18.50 a share in midday trading Monday.