Jennifer Newstead - 15 Aug 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 Aug 2024
Net transactions value
-$5,155,063
Form type
4
Filing time
19 Aug 2024, 18:30:38 UTC
Previous filing
07 Aug 2024
Next filing
22 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 Options Exercise $0 +2,950 +8.9% $0.000000 36,274 15 Aug 2024 Direct
transaction META Class A Common Stock Options Exercise $0 +5,470 +15% $0.000000 41,744 15 Aug 2024 Direct
transaction META Class A Common Stock Options Exercise $0 +6,791 +16% $0.000000 48,535 15 Aug 2024 Direct
transaction META Class A Common Stock Options Exercise $0 +2,679 +5.5% $0.000000 51,214 15 Aug 2024 Direct
transaction META Class A Common Stock Tax liability $4,673,415 -8,872 -17% $526.76 42,342 15 Aug 2024 Direct F1
transaction META Class A Common Stock Sale $214,813 -404 -0.95% $531.71 41,938 16 Aug 2024 Direct F2, F3
transaction META Class A Common Stock Sale $266,835 -501 -1.2% $532.61 41,437 16 Aug 2024 Direct F2, F4

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 -2,950 -33% $0.000000 5,901 15 Aug 2024 Class A Common Stock 2,950 Direct F5, F6
transaction META Restricted Stock Units (RSU) (Class A) Options Exercise $0 -5,470 -14% $0.000000 32,822 15 Aug 2024 Class A Common Stock 5,470 Direct F5, F7
transaction META Restricted Stock Units (RSU) (Class A) Options Exercise $0 -6,791 -9.1% $0.000000 67,910 15 Aug 2024 Class A Common Stock 6,791 Direct F5, F8
transaction META Restricted Stock Units (RSU) (Class A) Options Exercise $0 -2,679 -6.7% $0.000000 37,512 15 Aug 2024 Class A Common Stock 2,679 Direct F5, F9
* 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 November 30, 2023.
F3 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $531.1301 to $532.00 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.
F4 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $532.34 to $533.20 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 Each RSU represents a contingent right to receive 1 share of the Issuer's Class A Common Stock upon settlement.
F6 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.
F7 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.
F8 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.
F9 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.