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

Role
Chief Legal Officer
Signature
/s/ Erin Guldiken, attorney-in-fact for Jennifer Newstead
Stock symbol
META
Transactions as of
May 15, 2023
Transactions value $
-$2,865,684
Form type
4
Date filed
5/17/2023, 09:32 PM
Previous filing
May 10, 2023
Next filing
May 25, 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 +5.04K +18.12% $0.00 32.9K May 15, 2023 Direct
transaction META Class A Common Stock Options Exercise $0 +3K +9.13% $0.00 35.9K May 15, 2023 Direct
transaction META Class A Common Stock Options Exercise $0 +2.95K +8.23% $0.00 38.8K May 15, 2023 Direct
transaction META Class A Common Stock Options Exercise $0 +5.47K +14.1% $0.00 44.3K May 15, 2023 Direct
transaction META Class A Common Stock Options Exercise $0 +6.79K +15.34% $0.00 51.1K May 15, 2023 Direct
transaction META Class A Common Stock Tax liability -$2.7M -11.5K -22.58% $233.81 39.5K May 15, 2023 Direct F1
transaction META Class A Common Stock Sale -$170K -722 -1.83% $235.58 38.8K May 16, 2023 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 -5.04K -60% $0.00 3.36K May 15, 2023 Class A Common Stock 5.04K Direct F3, F4
transaction META Restricted Stock Units (RSU) (Class A) Options Exercise $0 -3K -25% $0.00 9K May 15, 2023 Class A Common Stock 3K Direct F3, F5
transaction META Restricted Stock Units (RSU) (Class A) Options Exercise $0 -2.95K -12.5% $0.00 20.7K May 15, 2023 Class A Common Stock 2.95K Direct F3, F6
transaction META Restricted Stock Units (RSU) (Class A) Options Exercise $0 -5.47K -8.33% $0.00 60.2K May 15, 2023 Class A Common Stock 5.47K Direct F3, F7
transaction META Restricted Stock Units (RSU) (Class A) Options Exercise $0 -6.79K -6.25% $0.00 102K May 15, 2023 Class A Common Stock 6.79K Direct F3, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 on February 3, 2023.
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.
F8 The RSUs vest quarterly as to 1/16th of the total RSUs, beginning on May 15, 2023, subject to continued service through each vesting date.