Javier Olivan - Nov 29, 2023 Form 4 Insider Report for Meta Platforms, Inc. (META)

Role
Chief Operating Officer
Signature
/s/ Erin Guldiken, attorney-in-fact for Javier Olivan
Stock symbol
META
Transactions as of
Nov 29, 2023
Transactions value $
-$2,064,782
Form type
4
Date filed
12/1/2023, 06:35 PM
Previous filing
Nov 17, 2023
Next filing
Jan 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction META Class A Common Stock Sale -$2.06M -6.08K -6.4% $339.77 88.9K Nov 29, 2023 Direct F1
holding META Class A Common Stock 8.62K Nov 29, 2023 By Olivan D LLC F2
holding META Class A Common Stock 3K Nov 29, 2023 By Olivan Reinhold D LLC F3
holding META Class A Common Stock 8.62K Nov 29, 2023 By Reinhold D LLC F4
* 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 The sale reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 30, 2023.
F2 Shares held of record by the reporting person, manager of Olivan D LLC.
F3 Shares held of record by the reporting person and his spouse, managers of Olivan Reinhold D LLC.
F4 Shares held of record by the reporting person's spouse, manager of Reinhold D LLC.