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

Reporting relationship: Chief Operating Officer
Issuer ticker: META
Reported as of: 15 Nov 2022
Net transaction value: -$1,338,087
SEC form: 4
Accepted by SEC: 17 Nov 2022, 20:17:59 UTC
Prior SEC filing: 17 Aug 2022
Next SEC filing: 17 Feb 2023
Source filing: View source filing
Reporting owner signature: /s/ Erin Guldiken, attorney-in-fact for Javier Olivan

Key filing fact

Javier Olivan filed Form 4 for Meta Platforms, Inc. (META) on 17 Nov 2022.

Key facts

This page summarizes Javier Olivan's Form 4 filing for Meta Platforms, Inc. (META).
9 reported transactions and 4 derivative rows are listed below.
Accepted by SEC: 17 Nov 2022, 20:17.

Change

Previous filing in this sequence was filed on 17 Aug 2022.
Current net transaction value: -$1,338,087.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

META transaction

Class A Common Stock

Conversion of derivative security

Transaction value: $0
Shares: +7,434
Change %: +15%
Price: $0.000000
Shares after: 56,920
Date: 15 Nov 2022
Ownership: Direct

META transaction

Class A Common Stock

Conversion of derivative security

Transaction value: $0
Shares: +5,999
Change %: +11%
Price: $0.000000
Shares after: 62,919
Date: 15 Nov 2022
Ownership: Direct

META transaction

Class A Common Stock

Conversion of derivative security

Transaction value: $0
Shares: +4,720
Change %: +7.5%
Price: $0.000000
Shares after: 67,639
Date: 15 Nov 2022
Ownership: Direct

META transaction

Class A Common Stock

Conversion of derivative security

Transaction value: $0
Shares: +5,470
Change %: +8.1%
Price: $0.000000
Shares after: 73,109
Date: 15 Nov 2022
Ownership: Direct

META transaction

Class A Common Stock

Sale

Transaction value: $1,338,087
Shares: -11,715
Change %: -15%
Price: $114.22
Shares after: 66,794
Date: 15 Nov 2022
Ownership: Direct
Footnotes: F1, F2

META holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 8,622
Date: 15 Nov 2022
Ownership: By Olivan D LLC
Footnotes: F3

META holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,999
Date: 15 Nov 2022
Ownership: By Olivan Reinhold D LLC
Footnotes: F4

META holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 8,622
Date: 15 Nov 2022
Ownership: By Reinhold D LLC
Footnotes: F5

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

META transaction Derivative

Restricted Stock Units (RSU) (Class A)

Conversion of derivative security

Transaction value: $0
Shares: -7,434
Change %: -50%
Price: $0.000000
Shares after: 7,435
Date: 15 Nov 2022
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 7,434
Exercise price
Footnotes: F6, F7

META transaction Derivative

Restricted Stock Units (RSU) (Class A)

Conversion of derivative security

Transaction value: $0
Shares: -5,999
Change %: -17%
Price: $0.000000
Shares after: 29,992
Date: 15 Nov 2022
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 5,999
Exercise price
Footnotes: F6, F8

META transaction Derivative

Restricted Stock Units (RSU) (Class A)

Conversion of derivative security

Transaction value: $0
Shares: -4,720
Change %: -10%
Price: $0.000000
Shares after: 42,484
Date: 15 Nov 2022
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 4,720
Exercise price
Footnotes: F6, F9

META transaction Derivative

Restricted Stock Units (RSU) (Class A)

Conversion of derivative security

Transaction value: $0
Shares: -5,470
Change %: -7.1%
Price: $0.000000
Shares after: 71,114
Date: 15 Nov 2022
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 5,470
Exercise price
Footnotes: F6, F10

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 10 footnotes

Footnote 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.

Footnote F2

Reflects a change in form of beneficial ownership for no consideration in a transfer exempt from Section 16 pursuant to Rule 16a-13 under the Securities Exchange Act of 1934, as amended.

Footnote F3

Shares held of record by the reporting person, manager of Olivan D LLC.

Footnote F4

Shares held of record by the reporting person and his spouse, managers of Olivan Reinhold D LLC.

Footnote F5

Shares held of record by the reporting person's spouse, manager of Reinhold D LLC.

Footnote F6

Each RSU represents a contingent right to receive 1 share of the Issuer's Class A Common Stock upon settlement.

Footnote F7

The RSUs vest quarterly as to 1/16th of the total RSUs, beginning on May 15, 2019, subject to continued service through each vesting date.

Footnote F8

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.

Footnote F9

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.

Footnote F10

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.