Christopher K. Cox - May 15, 2022 Form 4 Insider Report for Meta Platforms, Inc. (META)

Role
Chief Product Officer
Signature
/s/ Erin Guldiken, attorney-in-fact for Christopher K. Cox
Stock symbol
META
Transactions as of
May 15, 2022
Transactions value $
-$2,709,177
Form type
4
Date filed
5/17/2022, 09:36 PM
Previous filing
Mar 23, 2022
Next filing
Aug 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction META Class A Common Stock Options Exercise $0 +17.3K +7.58% $0.00 246K May 15, 2022 Christopher K. Cox Revocable Trust F1
transaction META Class A Common Stock Options Exercise $0 +4.72K +1.92% $0.00 251K May 15, 2022 Christopher K. Cox Revocable Trust F1
transaction META Class A Common Stock Options Exercise $0 +5.47K +2.18% $0.00 256K May 15, 2022 Christopher K. Cox Revocable Trust F1
transaction META Class A Common Stock Tax liability -$2.71M -13.6K -5.33% $198.62 242K May 15, 2022 Christopher K. Cox Revocable Trust F1, F2
holding META Class A Common Stock 55K May 15, 2022 Cox-Vadakan Irrevocable Remainder Trust F3

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 -17.3K -10.34% $0.00 150K May 15, 2022 Class A Common Stock 17.3K Direct F4, F5
transaction META Restricted Stock Units (RSU) (Class A) Options Exercise $0 -4.72K -8.33% $0.00 51.9K May 15, 2022 Class A Common Stock 4.72K Direct F4, F6
transaction META Restricted Stock Units (RSU) (Class A) Options Exercise $0 -5.47K -6.25% $0.00 82.1K May 15, 2022 Class A Common Stock 5.47K Direct F4, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares held of record by Christopher K. Cox, Trustee of The Christopher K. Cox Revocable Trust.
F2 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.
F3 Shares held of record by Christopher K. Cox and Visra Vichit-Vadakan, Co-Trustees of The Cox-Vadakan Irrevocable Remainder Trust.
F4 Each RSU represents a contingent right to receive 1 share of the Issuer's Class A Common Stock upon settlement.
F5 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.
F6 The RSUs quarterly as to 1/16th of the total RSUs, beginning on May 15, 2021, subject to continued service through each vesting date.
F7 The RSUs quarterly as to 1/16th of the total RSUs, beginning on May 15, 2022, subject to continued service through each vesting date.

Remarks:

Exhibit List - Exhibit 24.1 - Power of Attorney