Mark Zuckerberg - 02 Aug 2024 Form 4 Insider Report for Meta Platforms, Inc. (META)

Role
COB and CEO, Director, 10%+ Owner
Signature
/s/ Erin Guldiken, attorney-in-fact for Mark Zuckerberg
Issuer symbol
META
Transactions as of
02 Aug 2024
Net transactions value
-$75,074
Form type
4
Filing time
05 Aug 2024, 20:46:14 UTC
Previous filing
05 Aug 2024
Next filing
07 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 +600,000 $0.000000 600,000 02 Aug 2024 By CZI Holdings, LLC F1
transaction META Class A Common Stock Gift $0 -400,000 -67% $0.000000 200,000 02 Aug 2024 By CZI Holdings, LLC F1, F2
transaction META Class A Common Stock Gift $0 -200,000 -100% $0.000000* 0 02 Aug 2024 By CZI Holdings, LLC F1
transaction META Class A Common Stock Gift $0 +200,000 +44% $0.000000 659,216 02 Aug 2024 By Chan Zuckerberg Initiative Foundation F3
transaction META Class A Common Stock Sale $35,034 -70 -0.01% $500.49 659,146 02 Aug 2024 By Chan Zuckerberg Initiative Foundation F3, F4
transaction META Class A Common Stock Sale $40,039 -80 -0.06% $500.49 124,387 02 Aug 2024 By Chan Zuckerberg Initiative Advocacy F5, 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 Class B Common Stock Conversion of derivative security $0 -600,000 -0.25% $0.000000 244,182,799 02 Aug 2024 Class A Common Stock 600,000 By CZI Holdings, LLC F1, F7
holding META Class B Common Stock 3,388,197 02 Aug 2024 Class A Common Stock 3,388,197 By Mark Zuckerberg, Trustee Of The Mark Zuckerberg Trust Dated July 7, 2006 F7, F8
holding META Class B Common Stock 34,344,500 02 Aug 2024 Class A Common Stock 34,344,500 By Chan Zuckerberg Holdings, LLC F7, F9
holding META Class B Common Stock 12,000,000 02 Aug 2024 Class A Common Stock 12,000,000 By CZI Holdings I, LLC F7, F10
holding META Class B Common Stock 50,000,000 02 Aug 2024 Class A Common Stock 50,000,000 By Chan Zuckerberg Holdings II, LLC 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 Shares held of record by CZI Holdings, LLC ("CZI"). Mark Zuckerberg, Trustee of the Mark Zuckerberg Trust dated July 7, 2006 ("2006 Trust"), is the sole member of CZI. The reporting person is the sole trustee of the 2006 Trust and, therefore, is deemed to have sole voting and investment power over the securities held by CZI.
F2 Represents shares of Class A Common Stock that CZI donated as a gift to Silicon Valley Community Foundation ("SVCF"). Neither CZI nor the reporting person exercises voting or investment control, directly or indirectly, over SVCF or any of its affiliates, or over the donated shares following this transfer. Neither CZI nor the reporting person has any pecuniary interest in any shares held by SVCF.
F3 Shares held of record by the Chan Zuckerberg Initiative Foundation ("CZI Foundation"). The reporting person is deemed to have voting and investment power over the shares held by CZI Foundation, but has no pecuniary interest in these shares.
F4 The sale reported was effected by CZI Foundation pursuant to the Rule 10b5-1 trading plan adopted by the reporting person on February 21, 2024.
F5 The sale reported was effected by Chan Zuckerberg Initiative Advocacy ("CZI Advocacy") pursuant to the Rule 10b5-1 trading plan adopted by the reporting person on February 21, 2024.
F6 Shares held of record by CZI Advocacy. The reporting person is deemed to have voting and investment power over the shares held by CZI Advocacy, but has no pecuniary interest in these shares.
F7 The Class B Common Stock is convertible into the issuer's Class A Common Stock on a 1-for-1 basis (a) at the holder's option or (b) upon certain transfers of such shares and has no expiration date.
F8 Shares held of record by Mark Zuckerberg, Trustee of the 2006 Trust.
F9 Shares held of record by Chan Zuckerberg Holdings, LLC ("CZ Holdings"), which is beneficially owned by the reporting person. The reporting person is deemed to have sole voting and investment power over the securities held by CZ Holdings.
F10 Shares held of record by CZI Holdings I, LLC ("CZI I"), which is beneficially owned by the reporting person. The reporting person is deemed to have sole voting and investment power over the securities held by CZI I.
F11 Shares held of record by Chan Zuckerberg Holdings II, LLC ("CZ Holdings II"), which is beneficially owned by the reporting person. The reporting person is deemed to have sole voting and investment power over the securities held by CZ Holdings II.