Jennifer Newstead - 15 Nov 2022 Form 4 Insider Report for Meta Platforms, Inc. (META)

Role
Chief Legal Officer
Signature
/s/ Erin Guldiken, attorney-in-fact for Jennifer Newstead
Issuer symbol
META
Transactions as of
15 Nov 2022
Net transactions value
-$971,385
Form type
4
Filing time
17 Nov 2022, 20:16:33 UTC
Previous filing
10 Nov 2022
Next filing
23 Nov 2022
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 Options Exercise $0 +5,038 +25% $0.000000 24,955 15 Nov 2022 Direct
transaction META Class A Common Stock Options Exercise $0 +3,000 +12% $0.000000 27,955 15 Nov 2022 Direct
transaction META Class A Common Stock Options Exercise $0 +2,950 +11% $0.000000 30,905 15 Nov 2022 Direct
transaction META Class A Common Stock Options Exercise $0 +5,470 +18% $0.000000 36,375 15 Nov 2022 Direct
transaction META Class A Common Stock Tax liability $932,264 -8,162 -22% $114.22 28,213 15 Nov 2022 Direct F1
transaction META Class A Common Stock Sale $39,121 -342 -1.2% $114.39 27,871 16 Nov 2022 Direct F2

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 -5,038 -27% $0.000000 13,436 15 Nov 2022 Class A Common Stock 5,038 Direct F3, F4
transaction META Restricted Stock Units (RSU) (Class A) Options Exercise $0 -3,000 -17% $0.000000 14,996 15 Nov 2022 Class A Common Stock 3,000 Direct F3, F5
transaction META Restricted Stock Units (RSU) (Class A) Options Exercise $0 -2,950 -10% $0.000000 26,553 15 Nov 2022 Class A Common Stock 2,950 Direct F3, F6
transaction META Restricted Stock Units (RSU) (Class A) Options Exercise $0 -5,470 -7.1% $0.000000 71,114 15 Nov 2022 Class A Common Stock 5,470 Direct F3, F7
* 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 a sale.
F2 The sale reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
F3 Each RSU represents a contingent right to receive 1 share of the Issuer's Class A Common Stock upon settlement.
F4 The RSUs vest as to 1/12th of the total RSUs on November 15, 2019, and then 1/16th of the total RSUs vest quarterly thereafter, not to exceed 14 quarterly installments, with the final 2/48ths of the total RSUs vesting on August 15, 2023, subject to continued service through each vesting date.
F5 The RSUs vest quarterly as to 1/16th of the total RSUs, beginning on May 15, 2020, subject to continued service through each vesting date.
F6 The RSUs vest 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 vest quarterly as to 1/16th of the total RSUs, beginning on May 15, 2022, subject to continued service through each vesting date.