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

Role
President, Global Affairs
Signature
/s/ Erin Guldiken, attorney-in-fact for Nicholas Clegg
Issuer symbol
META
Transactions as of
15 May 2023
Net transactions value
-$2,590,763
Form type
4
Filing time
17 May 2023, 21:37:07 UTC
Previous filing
22 Mar 2023
Next filing
17 Aug 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 Conversion of derivative security $0 +2,189 +29% $0.000000 9,717 15 May 2023 Direct
transaction META Class A Common Stock Conversion of derivative security $0 +2,360 +24% $0.000000 12,077 15 May 2023 Direct
transaction META Class A Common Stock Sale $501,756 -2,146 -18% $233.81 9,931 15 May 2023 Direct F1
transaction META Class A Common Stock Options Exercise $0 +4,103 +41% $0.000000 14,034 15 May 2023 Direct
transaction META Class A Common Stock Options Exercise $0 +5,093 +36% $0.000000 19,127 15 May 2023 Direct
transaction META Class A Common Stock Tax liability $1,011,228 -4,325 -23% $233.81 14,802 15 May 2023 Direct F2
transaction META Class A Common Stock Sale $1,077,778 -4,575 -31% $235.58 10,227 16 May 2023 Direct 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) Conversion of derivative security $0 -2,189 -25% $0.000000 6,569 15 May 2023 Class A Common Stock 2,189 Direct F4, F5
transaction META Restricted Stock Units (RSU) (Class A) Conversion of derivative security $0 -2,360 -12% $0.000000 16,522 15 May 2023 Class A Common Stock 2,360 Direct F4, F6
transaction META Restricted Stock Units (RSU) (Class A) Options Exercise $0 -4,103 -8.3% $0.000000 45,130 15 May 2023 Class A Common Stock 4,103 Direct F4, F7
transaction META Restricted Stock Units (RSU) (Class A) Options Exercise $0 -5,093 -6.2% $0.000000 76,398 15 May 2023 Class A Common Stock 5,093 Direct F4, 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 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 sale reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on April 29, 2022.
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 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.