Susan J. Li - 15 Aug 2025 Form 4 Insider Report for Meta Platforms, Inc. (META)

Signature
/s/ Erin Guldiken, attorney-in-fact for Susan J. Li
Issuer symbol
META
Transactions as of
15 Aug 2025
Net transactions value
-$28,124,338
Form type
4
Filing time
19 Aug 2025, 19:12:04 UTC
Previous filing
19 May 2025
Next filing
18 Nov 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
LI SUSAN J Chief Financial Officer C/O META PLATFORMS, INC., 1 META WAY, MENLO PARK /s/ Erin Guldiken, attorney-in-fact for Susan J. Li 19 Aug 2025 0001739092

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 +2,399 +2.9% $0.000000 86,540 15 Aug 2025 Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
transaction META Class A Common Stock Conversion of derivative security $0 +1,889 +2.2% $0.000000 88,429 15 Aug 2025 Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
transaction META Class A Common Stock Conversion of derivative security $0 +4,103 +4.6% $0.000000 92,532 15 Aug 2025 Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
transaction META Class A Common Stock Sale $3,255,225 -4,162 -4.5% $782.13 88,370 15 Aug 2025 Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 F1
transaction META Class A Common Stock Options Exercise $0 +6,791 +7.7% $0.000000 95,161 15 Aug 2025 Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
transaction META Class A Common Stock Options Exercise $0 +2,680 +2.8% $0.000000 97,841 15 Aug 2025 Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
transaction META Class A Common Stock Options Exercise $0 +1,782 +1.8% $0.000000 99,623 15 Aug 2025 Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
transaction META Class A Common Stock Tax liability $4,364,285 -5,580 -5.6% $782.13 94,043 15 Aug 2025 Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 F2
transaction META Class A Common Stock Conversion of derivative security $0 +5,470 +5.8% $0.000000 99,513 15 Aug 2025 Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
transaction META Class A Common Stock Sale $2,121,919 -2,713 -2.7% $782.13 96,800 15 Aug 2025 Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 F3
transaction META Class A Common Stock Options Exercise $0 +6,791 +7% $0.000000 103,591 15 Aug 2025 Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
transaction META Class A Common Stock Options Exercise $0 +2,680 +2.6% $0.000000 106,271 15 Aug 2025 Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
transaction META Class A Common Stock Options Exercise $0 +1,782 +1.7% $0.000000 108,053 15 Aug 2025 Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
transaction META Class A Common Stock Tax liability $4,364,285 -5,580 -5.2% $782.13 102,473 15 Aug 2025 Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 F4
transaction META Class A Common Stock Sale $1,291,319 -1,701 -1.7% $759.15 100,772 18 Aug 2025 Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 F5, F6
transaction META Class A Common Stock Sale $1,677,423 -2,207 -2.2% $760.05 98,565 18 Aug 2025 Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 F5, F7
transaction META Class A Common Stock Sale $972,738 -1,278 -1.3% $761.14 97,287 18 Aug 2025 Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 F5, F8
transaction META Class A Common Stock Sale $1,499,919 -1,967 -2% $762.54 95,320 18 Aug 2025 Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 F5, F9
transaction META Class A Common Stock Sale $2,182,585 -2,857 -3% $763.94 92,463 18 Aug 2025 Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 F5, F10
transaction META Class A Common Stock Sale $705,400 -922 -1% $765.08 91,541 18 Aug 2025 Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 F5, F11
transaction META Class A Common Stock Sale $2,053,139 -2,681 -2.9% $765.81 88,860 18 Aug 2025 Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 F5, F12
transaction META Class A Common Stock Sale $796,762 -1,039 -1.2% $766.86 87,821 18 Aug 2025 Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 F5, F13
transaction META Class A Common Stock Sale $76,785 -100 -0.11% $767.85 87,721 18 Aug 2025 Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 F5
transaction META Class A Common Stock Sale $414,979 -539 -0.61% $769.91 87,182 18 Aug 2025 Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 F5, F14
transaction META Class A Common Stock Sale $1,333,165 -1,729 -2% $771.06 85,453 18 Aug 2025 Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 F5, F15
transaction META Class A Common Stock Sale $467,163 -605 -0.71% $772.17 84,848 18 Aug 2025 Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 F5, F16
transaction META Class A Common Stock Sale $547,245 -707 -0.83% $774.04 84,141 18 Aug 2025 Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 F5, F17
holding META Class A Common Stock 22,988 15 Aug 2025 Li-Hegeman Family Foundation F18

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 -2,399 -10% $0.000000 21,595 15 Aug 2025 Class A Common Stock 2,399 Direct F19, F20
transaction META Restricted Stock Units (RSU) (Class A) Conversion of derivative security $0 -1,889 -7.1% $0.000000 24,546 15 Aug 2025 Class A Common Stock 1,889 Direct F19, F21
transaction META Restricted Stock Units (RSU) (Class A) Conversion of derivative security $0 -4,103 -33% $0.000000 8,206 15 Aug 2025 Class A Common Stock 4,103 Direct F19, F22
transaction META Restricted Stock Units (RSU) (Class A) Options Exercise $0 -6,791 -14% $0.000000 40,746 15 Aug 2025 Class A Common Stock 6,791 Direct F19, F23
transaction META Restricted Stock Units (RSU) (Class A) Options Exercise $0 -2,680 -9.1% $0.000000 26,794 15 Aug 2025 Class A Common Stock 2,680 Direct F19, F24
transaction META Restricted Stock Units (RSU) (Class A) Options Exercise $0 -1,782 -6.7% $0.000000 24,954 15 Aug 2025 Class A Common Stock 1,782 Direct F19, F25
transaction META Restricted Stock Units (RSU) (Class A) Conversion of derivative security $0 -5,470 -33% $0.000000 10,941 15 Aug 2025 Class A Common Stock 5,470 By Spouse F19, F26, F27
transaction META Restricted Stock Units (RSU) (Class A) Options Exercise $0 -6,791 -14% $0.000000 40,746 15 Aug 2025 Class A Common Stock 6,791 By Spouse F19, F27, F28
transaction META Restricted Stock Units (RSU) (Class A) Options Exercise $0 -2,680 -9.1% $0.000000 26,794 15 Aug 2025 Class A Common Stock 2,680 By Spouse F19, F27, F29
transaction META Restricted Stock Units (RSU) (Class A) Options Exercise $0 -1,782 -6.7% $0.000000 24,954 15 Aug 2025 Class A Common Stock 1,782 By Spouse F19, F27, F30
* 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 Reporting Person's 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 Reporting Person's RSUs and does not represent a sale.
F3 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 Reporting Person's spouse's RSUs and does not represent an open market sale.
F4 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 Reporting Person's spouse's RSUs and does not represent a sale.
F5 The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 12, 2025.
F6 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $758.56 to $759.52 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 $759.64 to $760.62 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 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $760.875 to $761.77 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.
F9 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $762.14 to $763.06 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.
F10 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $763.43 to $764.39 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.
F11 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $764.44 to $765.41 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.
F12 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $765.52 to $766.50 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.
F13 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $766.525 to $767.215 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.
F14 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $769.59 to $770.46 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.
F15 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $770.71 to $771.47 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.
F16 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $772.00 to $772.47 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.
F17 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $773.805 to $774.55 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.
F18 Shares held of record by the Li-Hegeman Family Foundation (the "Foundation"). The reporting person is deemed to have voting and investment power over the shares held by the Foundation, but has no pecuniary interest in these shares.
F19 Each RSU represents a contingent right to receive 1 share of the Issuer's Class A Common Stock upon settlement.
F20 The RSUs vest quarterly as to 1/20th of the total RSUs, beginning on February 15, 2023, subject to continued service through each vesting date.
F21 The RSUs vest quarterly as to 1/20th of the total RSUs, beginning on February 15, 2024, subject to continued service through each vesting date.
F22 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.
F23 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.
F24 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.
F25 The RSUs vest quarterly as to 1/16th of the total RSUs, beginning on May 15, 2025, subject to continued service through each vesting date.
F26 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.
F27 The Reporting Person disclaims Section 16 beneficial ownership over the securities reported except to the extent of her pecuniary interest therein, if any.
F28 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.
F29 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.
F30 The RSUs vest quarterly as to 1/16th of the total RSUs, beginning on May 15, 2025, subject to continued service through each vesting date.