Nicholas Clegg - 15 Aug 2022 Form 4 Insider Report for Meta Platforms, Inc. (META)

Signature
/s/ Erin Guldiken, attorney-in-fact for Nicholas Clegg
Issuer symbol
META
Transactions as of
15 Aug 2022
Net transactions value
-$3,399,170
Form type
4
Filing time
17 Aug 2022, 21:04:43 UTC
Previous filing
17 May 2022
Next filing
17 Nov 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction META Class A Common Stock Conversion of derivative security $0 +8,198 +85% $0.000000 17,794 15 Aug 2022 Direct
transaction META Class A Common Stock Conversion of derivative security $0 +2,190 +12% $0.000000 19,984 15 Aug 2022 Direct
transaction META Class A Common Stock Conversion of derivative security $0 +2,361 +12% $0.000000 22,345 15 Aug 2022 Direct
transaction META Class A Common Stock Sale $1,088,234 -6,029 -27% $180.50 16,316 15 Aug 2022 Direct F1
transaction META Class A Common Stock Options Exercise $0 +4,103 +25% $0.000000 20,419 15 Aug 2022 Direct
transaction META Class A Common Stock Tax liability $351,975 -1,950 -9.5% $180.50 18,469 15 Aug 2022 Direct F2
transaction META Class A Common Stock Sale $1,158,427 -6,482 -35% $178.71 11,987 16 Aug 2022 Direct F3, F4
transaction META Class A Common Stock Sale $800,533 -4,459 -37% $179.53 7,528 16 Aug 2022 Direct F3, F5

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) Conversion of derivative security $0 -8,198 -50% $0.000000 8,199 15 Aug 2022 Class A Common Stock 8,198 Direct F6, F7
transaction META Restricted Stock Units (RSU) (Class A) Conversion of derivative security $0 -2,190 -14% $0.000000 13,137 15 Aug 2022 Class A Common Stock 2,190 Direct F6, F8
transaction META Restricted Stock Units (RSU) (Class A) Conversion of derivative security $0 -2,361 -9.1% $0.000000 23,602 15 Aug 2022 Class A Common Stock 2,361 Direct F6, F9
transaction META Restricted Stock Units (RSU) (Class A) Options Exercise $0 -4,103 -6.7% $0.000000 57,438 15 Aug 2022 Class A Common Stock 4,103 Direct F6, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 an open market sale.
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 RSUs and does not represent an open market sale.
F3 The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
F4 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $178.28 to $179.27 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $179.28 to $180.24 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F6 Each RSU represents a contingent right to receive 1 share of the issuer's Class A Common Stock upon settlement.
F7 The RSUs vest quarterly, beginning on February 15, 2019, with 1/64th of the total shares vesting on the first four quarterly vesting dates and 1/12th of the remaining shares vesting quarterly thereafter, subject to continued service through each vesting date.
F8 The RSUs vest quarterly as to 1/16th of the total shares, beginning on May 15, 2020, subject to continued service through each vesting date.
F9 The RSUs vest quarterly as to 1/16th of the total shares, beginning on May 15, 2021, subject to continued service through each vesting date.
F10 The RSUs vest quarterly as to 1/16th of the total shares, beginning on May 15, 2022, subject to continued service through each vesting date.