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Sergey and Schmidt Sell Shares

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Since many of you follow Google very closely, a quick note to point out that both Sergey Brin and Eric Schmidt have sold shares of GOOG shares in the past week.

According to Bloomberg, Brin sold about 200,000 shares for approximently $40 million on Monday.

Bloomberg also reports that Eric Schmidt sold about 113,000 shares on December 31 for about $22 million.

These sales are part of the "prearranged" sales announcement that Brin, Schmidt, and Page announced in November. The three planned to sell 16.6 million shares over 18 months.


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