Andrew Bosworth - 15 Aug 2023 Form 4 Insider Report for Meta Platforms, Inc. (META)

Role
Chief Technology Officer
Signature
/s/ Erin Guldiken, attorney-in-fact for Andrew Bosworth
Issuer symbol
META
Transactions as of
15 Aug 2023
Net transactions value
-$7,588,996
Form type
4
Filing time
17 Aug 2023, 18:20:17 UTC
Previous filing
17 May 2023
Next filing
17 Nov 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 +5,478 +160% $0.000000 8,901 15 Aug 2023 Direct
transaction META Class A Common Stock Conversion of derivative security $0 +5,999 +67% $0.000000 14,900 15 Aug 2023 Direct
transaction META Class A Common Stock Conversion of derivative security $0 +4,720 +32% $0.000000 19,620 15 Aug 2023 Direct
transaction META Class A Common Stock Sale $2,459,318 -8,032 -41% $306.19 11,588 15 Aug 2023 Direct F1
transaction META Class A Common Stock Options Exercise $0 +5,470 +47% $0.000000 17,058 15 Aug 2023 Direct
transaction META Class A Common Stock Options Exercise $0 +6,791 +40% $0.000000 23,849 15 Aug 2023 Direct
transaction META Class A Common Stock Tax liability $1,861,635 -6,080 -25% $306.19 17,769 15 Aug 2023 Direct F2
transaction META Class A Common Stock Sale $1,458,764 -4,885 -27% $298.62 12,884 16 Aug 2023 Direct F3, F4
transaction META Class A Common Stock Sale $1,209,161 -4,039 -31% $299.37 8,845 16 Aug 2023 Direct F3, F5
transaction META Class A Common Stock Sale $600,118 -1,998 -23% $300.36 6,847 16 Aug 2023 Direct F3, F6
holding META Class A Common Stock 68,519 15 Aug 2023 Andrew Bosworth Living Trust

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 -5,478 -10% $0.000000 49,305 15 Aug 2023 Class A Common Stock 5,478 Direct F7, F8
transaction META Restricted Stock Units (RSU) (Class A) Conversion of derivative security $0 -5,999 -33% $0.000000 11,997 15 Aug 2023 Class A Common Stock 5,999 Direct F7, F9
transaction META Restricted Stock Units (RSU) (Class A) Conversion of derivative security $0 -4,720 -10% $0.000000 42,484 15 Aug 2023 Class A Common Stock 4,720 Direct F7, F10
transaction META Restricted Stock Units (RSU) (Class A) Options Exercise $0 -5,470 -9.1% $0.000000 54,703 15 Aug 2023 Class A Common Stock 5,470 Direct F7, F11
transaction META Restricted Stock Units (RSU) (Class A) Options Exercise $0 -6,791 -6.7% $0.000000 95,074 15 Aug 2023 Class A Common Stock 6,791 Direct F7, F12
* 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 sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 17, 2022.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $298.08 to $299.04 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $299.09 to $300.05 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.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $300.11 to $300.45 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.
F7 Each RSU represents a contingent right to receive 1 share of the Issuer's Class A Common Stock upon settlement.
F8 The RSUs vest quarterly as to 1/20th of the total RSUs, beginning on February 15, 2021, subject to continued service through each vesting date.
F9 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.
F10 The RSUs vest quarterly as to 1/16th of the total RSUs, beginning on February 15, 2022, subject to continued service through each vesting date.
F11 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.
F12 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.