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

Signature
/s/ Erin Guldiken, attorney-in-fact for Jennifer Newstead
Issuer symbol
META
Transactions as of
15 Feb 2023
Net transactions value
-$1,384,742
Form type
4
Filing time
17 Feb 2023, 18:14:25 UTC
Previous filing
10 Feb 2023
Next filing
22 Feb 2023

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 +21% $0.000000 28,820 15 Feb 2023 Direct
transaction META Class A Common Stock Options Exercise $0 +2,999 +10% $0.000000 31,819 15 Feb 2023 Direct
transaction META Class A Common Stock Options Exercise $0 +2,951 +9.3% $0.000000 34,770 15 Feb 2023 Direct
transaction META Class A Common Stock Options Exercise $0 +5,471 +16% $0.000000 40,241 15 Feb 2023 Direct
transaction META Class A Common Stock Tax liability $1,316,845 -7,337 -18% $179.48 32,904 15 Feb 2023 Direct F1
transaction META Class A Common Stock Sale $67,897 -393 -1.2% $172.77 32,511 16 Feb 2023 Direct F2, 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 -5,038 -37% $0.000000 8,398 15 Feb 2023 Class A Common Stock 5,038 Direct F4, F5
transaction META Restricted Stock Units (RSU) (Class A) Options Exercise $0 -2,999 -20% $0.000000 11,997 15 Feb 2023 Class A Common Stock 2,999 Direct F4, F6
transaction META Restricted Stock Units (RSU) (Class A) Options Exercise $0 -2,951 -11% $0.000000 23,602 15 Feb 2023 Class A Common Stock 2,951 Direct F4, F7
transaction META Restricted Stock Units (RSU) (Class A) Options Exercise $0 -5,471 -7.7% $0.000000 65,643 15 Feb 2023 Class A Common Stock 5,471 Direct F4, 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 a sale.
F2 The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
F3 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $172.705 to $172.85 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.
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 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.
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.