Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | META | Class A Common Stock | Sale | -$5.7M | -10K | -2.95% | $569.93 | 329K | Sep 23, 2024 | Christopher K. Cox Revocable Trust | F1, F2 |
holding | META | Class A Common Stock | 55K | Sep 23, 2024 | Cox-Vadakan Irrevocable Remainder Trust | F3 |
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).
Id | Content |
---|---|
F1 | The sale reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on April 26, 2024. |
F2 | Shares held of record by Christopher K. Cox, Trustee of The Christopher K. Cox Revocable Trust. |
F3 | Shares held of record by Christopher K. Cox and Visra Vichit-Vadakan, Co-Trustees of The Cox-Vadakan Irrevocable Remainder Trust. |