Facebook co-founder Moskovitz discloses sale of another 450,000 shares, small chunk of stake

NEW YORK, N.Y. – Facebook co-founder Dustin Moskovitz is shedding another 450,000 of the social networking company’s shares, for a take of about $8.3 million.

Moskovitz has been selling 150,000 shares a day and disclosing the sales every three days. Including the most recent sales, he still holds about 132 million shares.

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The latest filing was made Tuesday and covered sales since last Thursday. He sold shares at prices ranging from $17.56 to $19.42.

Shares of Facebook Inc., based in Menlo Park, Calif., have been in steep decline since debuting at $38 each in May. They ended Tuesday’s trading at $17.73.

Moskovitz, 28, was Mark Zuckerberg’s Harvard roommate when they founded Facebook in 2004. He left in 2008 and started the software company Asana.