Google Chairman Eric Schmidt Plans To Sell 3.2M Company Shares Over The Next Year, 42% Of His Stake In Google

Google’s executive chairman Eric Schmidt, the company today reported in an SEC filing, plans to sell about 3.2 million of the Class A common stock he currently owns through a stock trading plan, which would reduce his share in the company by about 42%. At Google’s current stock price, this transaction would be worth about $2.5 billion.