1.
Assume that Facebook was already publicly traded and had 1,500,000 shares outstanding. The CFO has held 50,000 shares for one year. He files Form 144 on August 22. Previous weekly trading volume in Facebook's restricted shares is as follows:
| Week Ending |
Volume |
| August 19 |
15,100 |
| August 12 |
16,000 |
| August 5 |
14,500 |
| July 29 |
15,000 |
| July 22 |
17,000 |
How many shares can the CFO sell under Rule 144?