Last week, Yahoo disclosed that co-founder Jerry Yang has established a blind trust to handle the sale of 3 million of his company shares, while co-founder David Filo has established a stock sales plan to shed up to 2 million shares.
Yang, the former CEO who stepped down in late 2008 to take the role of Chief Yahoo, owned roughly 54.1 million shares of Yahoo, or a 3.9% stake, as of April 2, 2009, while Filo owned about 79.9 million shares, or a 5.7% stake.
Yang's trust was established in April of last year and will terminate at the end of this year, Yahoo said. Filo's stock sales are scheduled to begin in May.
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