Javier Olivan - 15 Nov 2023 Form 4 Insider Report for Meta Platforms, Inc. (META)

Role
Chief Operating Officer
Signature
/s/ Erin Guldiken, attorney-in-fact for Javier Olivan
Issuer symbol
META
Transactions as of
15 Nov 2023
Net transactions value
-$3,640,892
Form type
4
Filing time
17 Nov 2023, 19:07:00 UTC
Previous filing
18 Aug 2023
Next filing
01 Dec 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 +5,998 +7.2% $0.000000 88,856 15 Nov 2023 Direct
transaction META Class A Common Stock Conversion of derivative security $0 +4,721 +5.3% $0.000000 93,577 15 Nov 2023 Direct
transaction META Class A Common Stock Conversion of derivative security $0 +5,470 +5.8% $0.000000 99,047 15 Nov 2023 Direct
transaction META Class A Common Stock Sale $2,567,391 -7,634 -7.7% $336.31 91,413 15 Nov 2023 Direct F1
transaction META Class A Common Stock Options Exercise $0 +6,791 +7.4% $0.000000 98,204 15 Nov 2023 Direct
transaction META Class A Common Stock Tax liability $1,073,502 -3,192 -3.3% $336.31 95,012 15 Nov 2023 Direct F2
holding META Class A Common Stock 8,622 15 Nov 2023 By Olivan D LLC F3
holding META Class A Common Stock 2,999 15 Nov 2023 By Olivan Reinhold D LLC F4
holding META Class A Common Stock 8,622 15 Nov 2023 By Reinhold D LLC F5

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 -5,998 -50% $0.000000 5,999 15 Nov 2023 Class A Common Stock 5,998 Direct F6, F7
transaction META Restricted Stock Units (RSU) (Class A) Conversion of derivative security $0 -4,721 -17% $0.000000 23,602 15 Nov 2023 Class A Common Stock 4,721 Direct F6, F8
transaction META Restricted Stock Units (RSU) (Class A) Conversion of derivative security $0 -5,470 -10% $0.000000 49,233 15 Nov 2023 Class A Common Stock 5,470 Direct F6, F9
transaction META Restricted Stock Units (RSU) (Class A) Options Exercise $0 -6,791 -7.1% $0.000000 88,283 15 Nov 2023 Class A Common Stock 6,791 Direct F6, F10
* 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 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 Shares held of record by the reporting person, manager of Olivan D LLC.
F4 Shares held of record by the reporting person and his spouse, managers of Olivan Reinhold D LLC.
F5 Shares held of record by the reporting person's spouse, manager of Reinhold D LLC.
F6 Each RSU represents a contingent right to receive 1 share of the Issuer's Class A Common Stock upon settlement.
F7 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.
F8 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.
F9 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.
F10 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.