Andrew Bosworth - 15 May 2024 Form 4 Insider Report for Meta Platforms, Inc. (META)

Role
Chief Technology Officer
Signature
/s/ Erin Guldiken, attorney-in-fact for Andrew Bosworth
Issuer symbol
META
Transactions as of
15 May 2024
Net transactions value
-$12,270,547
Form type
4
Filing time
17 May 2024, 20:12:02 UTC
Previous filing
22 Mar 2024
Next filing
19 Aug 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 Conversion of derivative security $0 +5,479 +53% $0.000000 15,750 15 May 2024 Direct
transaction META Class A Common Stock Conversion of derivative security $0 +4,720 +30% $0.000000 20,470 15 May 2024 Direct
transaction META Class A Common Stock Sale $2,386,617 -5,058 -25% $471.85 15,412 15 May 2024 Direct F1
transaction META Class A Common Stock Options Exercise $0 +5,470 +35% $0.000000 20,882 15 May 2024 Direct
transaction META Class A Common Stock Options Exercise $0 +6,791 +33% $0.000000 27,673 15 May 2024 Direct
transaction META Class A Common Stock Tax liability $2,868,848 -6,080 -22% $471.85 21,593 15 May 2024 Direct F2
transaction META Class A Common Stock Sale $571,657 -1,206 -5.6% $474.01 20,387 16 May 2024 Direct F3, F4
transaction META Class A Common Stock Sale $2,277,216 -4,792 -24% $475.21 15,595 16 May 2024 Direct F3, F5
transaction META Class A Common Stock Sale $2,607,880 -5,479 -35% $475.98 10,116 16 May 2024 Direct F3, F6
transaction META Class A Common Stock Sale $1,558,329 -3,268 -32% $476.84 6,848 16 May 2024 Direct F3, F7
holding META Class A Common Stock 68,429 15 May 2024 Andrew Bosworth Living Trust

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 -5,479 -14% $0.000000 32,870 15 May 2024 Class A Common Stock 5,479 Direct F8, F9
transaction META Restricted Stock Units (RSU) (Class A) Conversion of derivative security $0 -4,720 -14% $0.000000 28,323 15 May 2024 Class A Common Stock 4,720 Direct F8, F10
transaction META Restricted Stock Units (RSU) (Class A) Options Exercise $0 -5,470 -12% $0.000000 38,292 15 May 2024 Class A Common Stock 5,470 Direct F8, F11
transaction META Restricted Stock Units (RSU) (Class A) Options Exercise $0 -6,791 -8.3% $0.000000 74,701 15 May 2024 Class A Common Stock 6,791 Direct F8, F12
* 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 18, 2023.
F4 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $473.47 to $474.395 per share. The holder undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $474.48 to $475.47 per share. The holder undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F6 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $475.495 to $476.48 per share. The holder undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F7 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $476.50 to $477.37 per share. The holder undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F8 Each RSU represents a contingent right to receive 1 share of the Issuer's Class A Common Stock upon settlement.
F9 The RSUs vest quarterly as to 1/20th of the total RSUs, beginning on February 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 February 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, 2022, subject to continued service through each vesting date.
F12 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.