Mark Zuckerberg - Oct 7, 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
Stock symbol
META
Transactions as of
Oct 7, 2024
Transactions value $
-$295,568
Form type
4
Date filed
10/9/2024, 06:11 PM
Previous filing
Sep 3, 2024
Next filing
Oct 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction META Class A Common Stock Sale -$235K -392 -0.08% $600.60 519K Oct 7, 2024 By Chan Zuckerberg Initiative Foundation F1, F2, F3
transaction META Class A Common Stock Sale -$60.1K -100 -0.02% $601.32 519K Oct 7, 2024 By Chan Zuckerberg Initiative Foundation F1, F3

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
holding META Class B Common Stock 244M Oct 7, 2024 Class A Common Stock 244M By CZI Holdings, LLC F4, F5
holding META Class B Common Stock 3.39M Oct 7, 2024 Class A Common Stock 3.39M By Mark Zuckerberg, Trustee Of The Mark Zuckerberg Trust Dated July 7, 2006 F4, F6
holding META Class B Common Stock 34.3M Oct 7, 2024 Class A Common Stock 34.3M By Chan Zuckerberg Holdings, LLC F4, F7
holding META Class B Common Stock 12M Oct 7, 2024 Class A Common Stock 12M By CZI Holdings I, LLC F4, F8
holding META Class B Common Stock 50M Oct 7, 2024 Class A Common Stock 50M By Chan Zuckerberg Holdings II, LLC F4, 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 The sales reported were effected by the Chan Zuckerberg Initiative Foundation ("CZI Foundation") pursuant to the Rule 10b5-1 trading plan adopted by the reporting person on February 21, 2024.
F2 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $600.21 to $601.11 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.
F3 Shares held of record by 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 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.
F5 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.
F6 Shares held of record by Mark Zuckerberg, Trustee of the 2006 Trust.
F7 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.
F8 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.
F9 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.