Zynga’s executives and early investors are set to reap a windfall when the social gaming company goes public. But the hefty payouts have already begun, starting with founder and CEO Mark Pincus, who sold $110 million worth of shares back to the company in March. That same month, venture capital firms Kleiner Perkins Caufield & Byers, Union Square Ventures, Institutional Venture Partners and Foundry Venture Capital collectively sold $90 million. Union Square Ventures sold an additional $26 million in January.
Pincus sold 7,840,836 shares of Zynga Class B Common stock back the company, earning himself a cool $109,458,070, according to the company’s S-1 filing with the SEC. In addition, since Zynga’s founding in October 2007, Pincus has sold 43,629,310 shares of company stock at prices ranging from $0.42 to $13.96, according to the filing.
Zynga earned a base salary of $300,000 last year, but owns 16 percent of the company. At a valuation of $20 billion, that would make his stake worth $3.2 billion.
Zynga has also purchased back shares from some of the company’s early investors, including:
Entities affiliated with Kleiner Perkins Caufield & Byers
427,682 Class B Common — $5,970,440 — March 2011
Institutional Venture Partners XII, L.P.
210,700 Series B-1 Preferred — $2,941,372 — March 2011
1,395,784 Class B Common — $19,485,145 — March 2011
Entities Affiliated with Union Square Ventures
4,000,000 Series A Preferred — $25,745,860 — January 2011
1,438,602 Series A Preferred — 20,082,883 — March 2011
Foundry Venture Capital 2007, L.P.
1,617,434 Series A Preferred — $22,579,378 — March 2011
Avalon Ventures VIII, LP
1,496,886 Series A-1 Preferred — $20,896,528 — March 2011