Jennifer Newstead - 19 Mar 2024 Form 4 Insider Report for Meta Platforms, Inc. (META)

Signature
/s/ Erin Guldiken, attorney-in-fact for Jennifer Newstead
Issuer symbol
META
Transactions as of
19 Mar 2024
Net transactions value
-$285,772
Form type
4
Filing time
21 Mar 2024, 18:39:41 UTC
Previous filing
14 Mar 2024
Next filing
27 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction META Class A Common Stock Sale $285,772 -585 -1.4% $488.50 40,153 19 Mar 2024 Direct F1

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) Award $0 +42,870 $0.000000 42,870 20 Mar 2024 Class A Common Stock 42,870 Direct F2, F3
* 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 February 3, 2023.
F2 Each Restricted Stock Unit ("RSU") represents a contingent right to receive 1 share of the Issuer's Class A Common Stock upon settlement.
F3 The RSUs vest quarterly as to 1/16th of the total RSUs, beginning on May 15, 2024, subject to continued service through each vesting date.