TECHNOLOGY - Feb. 23, 1996

Netscape Insiders File to Sell Shares: Co-founder Marc Andreessen and six other executives of the Mountain View, Calif.-based company filed to sell about 559,000 shares valued at $34.7 million. The filings mark the first time employees could sell stock since Netscape Communications Corp. went public in August. Employees were restricted from selling a total of 22.8 million shares until Feb. 5, 180 days after the Internet software maker’s initial public offering. If Andreessen, 24, sells the 200,000 shares he filed to sell, he could garner about $12 million. A few years ago he was making about $6.50 an hour as a graduate student. Analysts said they weren’t surprised employees were cashing in on the stock’s rise. Netscape’s shares closed at $62, down $1.875 on Nasdaq.