Peter Thiel Has Largely Sold All of His Facebook Stock

August 27, 2019, 4:58 PM UTC

Peter Thiel’s Founder’s Fund, one of Facebook’s earliest backers, has sold off its remaining shares in the social network.

The action, revealed in a regulatory filing late Monday, leaves the PayPal founder with just 63,550 independently held shares of Class A Facebook stock. That’s just 0.1% of the 44.7 million shares he held in the company when it went public in 2012.

The most recent sale, which occurred last week, brought in $4 million. Thiel certainly made quite a profit from its initial investment in Facebook, though. He sold 16.8 million shares when Facebook went public in 2012, pocketing roughly $640 million. Later that year, he sold another 20 million shares for $400 million.

Thiel was one of the first investors in Facebook, giving Mark Zuckerberg $500,000 in mid-2004. He chipped in another $12.7 million (with Accel Partners) in May 2005 and was part of a $27.5 million round in April 2006.

He remains on the Facebook board, despite some calls for his removal due to his support for Donald Trump.

More must-read stories from Fortune:

—For tech companies going public, IPO-related lawsuits are an unwanted side effect
GE’s basic businesses are badly underperforming, by this accounting metric
—Ex-Fannie Mae CEO: Housing will be fine in the next recession
—100-year bonds? Why “ultra-long” bonds have caught on in 14 countries and counting
—What a disappointing car auction tells us about the 1%—and the economy
Don’t miss the daily Term Sheet, Fortune’s newsletter on deals and dealmakers.

Read More

Artificial IntelligenceCryptocurrencyMetaverseCybersecurityTech Forward