Nicholas Clegg - Feb 15, 2023 Form 4 Insider Report for Meta Platforms, Inc. (META)

Signature
/s/ Erin Guldiken, attorney-in-fact for Nicholas Clegg
Stock symbol
META
Transactions as of
Feb 15, 2023
Transactions value $
-$1,517,447
Form type
4
Date filed
2/17/2023, 06:09 PM
Previous filing
Nov 17, 2022
Next filing
Mar 22, 2023

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 +2.19K +29.09% $0.00 9.72K Feb 15, 2023 Direct
transaction META Class A Common Stock Conversion of derivative security $0 +2.36K +24.28% $0.00 12.1K Feb 15, 2023 Direct
transaction META Class A Common Stock Sale -$296K -1.65K -13.65% $179.48 10.4K Feb 15, 2023 Direct F1
transaction META Class A Common Stock Options Exercise $0 +4.1K +39.33% $0.00 14.5K Feb 15, 2023 Direct
transaction META Class A Common Stock Tax liability -$319K -1.78K -12.24% $179.48 12.8K Feb 15, 2023 Direct F2
transaction META Class A Common Stock Sale -$902K -5.23K -40.97% $172.70 7.53K Feb 16, 2023 Direct F3, F4

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 -2.19K -20% $0.00 8.76K Feb 15, 2023 Class A Common Stock 2.19K Direct F5, F6
transaction META Restricted Stock Units (RSU) (Class A) Conversion of derivative security $0 -2.36K -11.11% $0.00 18.9K Feb 15, 2023 Class A Common Stock 2.36K Direct F5, F7
transaction META Restricted Stock Units (RSU) (Class A) Options Exercise $0 -4.1K -7.69% $0.00 49.2K Feb 15, 2023 Class A Common Stock 4.1K Direct F5, F8
* 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 a 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 $172.62 to $172.96 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 Each RSU represents a contingent right to receive 1 share of the Issuer's Class A Common Stock upon settlement.
F6 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.
F7 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.
F8 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.