Christopher K. Cox - 15 May 2021 Form 4 Insider Report for Facebook Inc (META)

Role
Chief Product Officer
Signature
/s/ Michael Johnson, attorney-in-fact for Christopher K. Cox
Issuer symbol
META
Transactions as of
15 May 2021
Net transactions value
-$3,452,276
Form type
4
Filing time
18 May 2021, 21:41:02 UTC
Next filing
17 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction META Class A Common Stock Gift $0 -9,421 -27% $0.000000 25,201 09 Apr 2021 Christopher K. Cox 2020 Annuity Trust U/A dtd 1/31/20 F1, F2
transaction META Class A Common Stock Gift $0 +9,421 +8.9% $0.000000 115,006 09 Apr 2021 Christopher K. Cox Revocable Trust F1, F3
transaction META Class A Common Stock Options Exercise $0 +17,317 +15% $0.000000 132,323 15 May 2021 Christopher K. Cox Revocable Trust F3
transaction META Class A Common Stock Options Exercise $0 +4,720 +3.6% $0.000000 137,043 15 May 2021 Christopher K. Cox Revocable Trust F3
transaction META Class A Common Stock Tax liability $3,452,276 -10,927 -8% $315.94 126,116 15 May 2021 Christopher K. Cox Revocable Trust F3, F4
holding META Class A Common Stock 51,921 15 May 2021 Christopher K. Cox 2019 Annuity Trust U/A dtd 11/25/19 F5
holding META Class A Common Stock 49,299 15 May 2021 Christopher K. Cox 2019 Annuity Trust II U/A dtd 11/25/19 F6

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction META Restricted Stock Units (RSU) (Class A) Options Exercise $0 -17,317 -7.3% $0.000000 219,350 15 May 2021 Class A Common Stock 17,317 Direct F7, F8
transaction META Restricted Stock Units (RSU) (Class A) Options Exercise $0 -4,720 -6.2% $0.000000 70,806 15 May 2021 Class A Common Stock 4,720 Direct F7, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction represents a transfer of shares that were beneficially owned by the reporting person for the purposes of estate planning and not a sale of securities.
F2 Shares held of record by Christopher K. Cox, Trustee of Christopher K. Cox 2020 Annuity Trust U/A dtd 1/31/20.
F3 Shares held of record by Christopher K. Cox, Trustee of The Christopher K. Cox Revocable Trust.
F4 Represents the number of shares of Class A Common Stock that have been withheld by the issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the Restricted Stock Units ("RSUs") and does not represent a sale.
F5 Shares held of record by Christopher K. Cox, Trustee of Christopher K. Cox 2019 Annuity Trust U/A dtd 11/25/19.
F6 Shares held of record by Christopher K. Cox, Trustee of Christopher K. Cox 2019 Annuity Trust II U/A dtd 11/25/19.
F7 Each RSU represents a contingent right to receive 1 share of the Issuer's Class A Common Stock upon settlement.
F8 The RSUs vest as to 1/12th of the total shares on November 15, 2020, and then 1/16th of the total shares vest quarterly thereafter, not to exceed 14 quarterly installments, with the final 2/48ths of the total shares vesting on August 15, 2024, subject to continued service through each vesting date.
F9 The RSUs quarterly as to 1/16th of the total RSUs, beginning on May 15, 2021, subject to continued service through each vesting date.