Javier Olivan - Feb 15, 2024 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
Feb 15, 2024
Transactions value $
-$5,437,086
Form type
4
Date filed
2/20/2024, 06:34 PM
Previous filing
Jan 31, 2024
Next filing
Feb 27, 2024

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 +6K +8.7% $0.00 74.9K Feb 15, 2024 Direct
transaction META Class A Common Stock Conversion of derivative security $0 +4.72K +6.3% $0.00 79.7K Feb 15, 2024 Direct
transaction META Class A Common Stock Conversion of derivative security $0 +5.47K +6.87% $0.00 85.1K Feb 15, 2024 Direct
transaction META Class A Common Stock Sale -$3.58M -7.56K -8.88% $473.28 77.6K Feb 15, 2024 Direct F1
transaction META Class A Common Stock Options Exercise $0 +6.79K +8.75% $0.00 84.4K Feb 15, 2024 Direct
transaction META Class A Common Stock Tax liability -$1.51M -3.19K -3.78% $473.28 81.2K Feb 15, 2024 Direct F2
transaction META Class A Common Stock Sale -$350K -734 -0.9% $477.21 80.4K Feb 16, 2024 Direct F3
holding META Class A Common Stock 8.62K Feb 15, 2024 By Olivan D LLC F4
holding META Class A Common Stock 3K Feb 15, 2024 By Olivan Reinhold D LLC F5
holding META Class A Common Stock 8.62K Feb 15, 2024 By Reinhold D LLC F6

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 -6K -100% $0.00* 0 Feb 15, 2024 Class A Common Stock 6K Direct F7, F8
transaction META Restricted Stock Units (RSU) (Class A) Conversion of derivative security $0 -4.72K -20% $0.00 18.9K Feb 15, 2024 Class A Common Stock 4.72K Direct F7, F9
transaction META Restricted Stock Units (RSU) (Class A) Conversion of derivative security $0 -5.47K -11.11% $0.00 43.8K Feb 15, 2024 Class A Common Stock 5.47K Direct F7, F10
transaction META Restricted Stock Units (RSU) (Class A) Options Exercise $0 -6.79K -7.69% $0.00 81.5K Feb 15, 2024 Class A Common Stock 6.79K Direct F7, F11
* 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 August 30, 2023.
F4 Shares held of record by the reporting person, manager of Olivan D LLC.
F5 Shares held of record by the reporting person and his spouse, managers of Olivan Reinhold D LLC.
F6 Shares held of record by the reporting person's spouse, manager of Reinhold D LLC.
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 1/16th of the total RSUs, beginning on May 15, 2020, 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, 2021, 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, 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, 2023, subject to continued service through each vesting date.