Jennifer Newstead - 15 Feb 2024 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 Feb 2024
Net transactions value
-$4,405,223
Form type
4
Filing time
20 Feb 2024, 18:28:35 UTC
Previous filing
07 Feb 2024
Next filing
22 Feb 2024
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 +3,000 +8.8% $0.000000 37,168 15 Feb 2024 Direct
transaction META Class A Common Stock Options Exercise $0 +2,951 +7.9% $0.000000 40,119 15 Feb 2024 Direct
transaction META Class A Common Stock Options Exercise $0 +5,471 +14% $0.000000 45,590 15 Feb 2024 Direct
transaction META Class A Common Stock Options Exercise $0 +6,791 +15% $0.000000 52,381 15 Feb 2024 Direct
transaction META Class A Common Stock Tax liability $4,126,055 -8,718 -17% $473.28 43,663 15 Feb 2024 Direct F1
transaction META Class A Common Stock Sale $279,168 -585 -1.3% $477.21 43,078 16 Feb 2024 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 -3,000 -100% $0.000000* 0 15 Feb 2024 Class A Common Stock 3,000 Direct F3, F4
transaction META Restricted Stock Units (RSU) (Class A) Options Exercise $0 -2,951 -20% $0.000000 11,801 15 Feb 2024 Class A Common Stock 2,951 Direct F3, F5
transaction META Restricted Stock Units (RSU) (Class A) Options Exercise $0 -5,471 -11% $0.000000 43,762 15 Feb 2024 Class A Common Stock 5,471 Direct F3, F6
transaction META Restricted Stock Units (RSU) (Class A) Options Exercise $0 -6,791 -7.7% $0.000000 81,492 15 Feb 2024 Class A Common Stock 6,791 Direct F3, F7
* 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 quarterly as to 1/16th of the total RSUs, beginning on May 15, 2020, 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, 2021, 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, 2022, 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, 2023, subject to continued service through each vesting date.