Bangalore: Ram Sriram, one of Google’s earliest directors added to his fortune by selling Google stock over the past month worth $31 million. Sriram, like most other corporate executives and board members has a 10b5-1 trading plan which lets him make periodic share sales according to preset conditions in association with Security and Exchange Commission Rules.

The SEC documents stated that Ram Sriram and his wife sold 42,000 shares recently. The couple sold the first chunk of 20,000 shares for $730 a pop ($14.6 million), and last week sold 22,000 shares in two transactions at $760 ($16.7 million).

The sale on Friday came as Google’s stock reached an all-time high of $776.60. Google was reportedly close to settling the European Union’s three-year probe into its business. The search giants previous high was $776.38 that reached in October 2012.

Based on previous sales, it appeared that Sriram set round numbers as price levels at which he automatically sold shares.

The couple still own more than 150, 000 shares in addition to the $31 million pocket change for Ram, who has net worth of $ 1.6 billion, according to Forbes.

In his early career, Sriram worked for Netscape and then founded Junglee, which was then bought by Amazon in 1998 for $185 million. This helped him with capital to be invested in Google when it was still operating out of a Menlo Park Garage.

Sriram is also an investor for StumbleUpon, Zazzle and other startups through his venture firm Sherpalo Venture.

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