Jennifer Newstead - 15 May 2023 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 May 2023
Net transactions value
-$2,865,684
Form type
4
Filing time
17 May 2023, 21:32:55 UTC
Previous filing
10 May 2023
Next filing
25 May 2023
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 +5,039 +18% $0.000000 32,852 15 May 2023 Direct
transaction META Class A Common Stock Options Exercise $0 +2,999 +9.1% $0.000000 35,851 15 May 2023 Direct
transaction META Class A Common Stock Options Exercise $0 +2,950 +8.2% $0.000000 38,801 15 May 2023 Direct
transaction META Class A Common Stock Options Exercise $0 +5,470 +14% $0.000000 44,271 15 May 2023 Direct
transaction META Class A Common Stock Options Exercise $0 +6,790 +15% $0.000000 51,061 15 May 2023 Direct
transaction META Class A Common Stock Tax liability $2,695,595 -11,529 -23% $233.81 39,532 15 May 2023 Direct F1
transaction META Class A Common Stock Sale $170,089 -722 -1.8% $235.58 38,810 16 May 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 -5,039 -60% $0.000000 3,359 15 May 2023 Class A Common Stock 5,039 Direct F3, F4
transaction META Restricted Stock Units (RSU) (Class A) Options Exercise $0 -2,999 -25% $0.000000 8,998 15 May 2023 Class A Common Stock 2,999 Direct F3, F5
transaction META Restricted Stock Units (RSU) (Class A) Options Exercise $0 -2,950 -12% $0.000000 20,652 15 May 2023 Class A Common Stock 2,950 Direct F3, F6
transaction META Restricted Stock Units (RSU) (Class A) Options Exercise $0 -5,470 -8.3% $0.000000 60,173 15 May 2023 Class A Common Stock 5,470 Direct F3, F7
transaction META Restricted Stock Units (RSU) (Class A) Options Exercise $0 -6,790 -6.2% $0.000000 101,865 15 May 2023 Class A Common Stock 6,790 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.