Larry Page's sale of more than 33,000 Google (GOOGL 0.51%) shares shouldn't worry investors, Fool contributor Tim Beyers says in the following video.
You wouldn't think so from the volume.. According to the Form 4, the Google CEO cashed in at varying prices between $1,144 and $1,157 per share for significantly more than $37 million in gross proceeds earlier this month. Yet there's more to the story, Tim says.
Page diversified under the purview of what's known as a 10b5-1 trading plan, whereby he relinquished control over the price and timing of sales in order to comply with SEC rules for insider trading.
He's also been at it for a while. Clicking the link to his name in the Form 4 reveals a complete record of Page's recent transactions, including a slew of Form 4s filed monthly. He still owned 23.92 million voting class "B" shares as of Jan. 16.
In the following video, Tim tells us how investors should interpret these developments -- and why they shouldn't panic. Do you agree? Watch Tim's full take and let us know what you think in the comment section below.
