Javier Olivan - 15 May 2024 Form 4 Insider Report for Meta Platforms, Inc. (META)

Role
Chief Operating Officer
Signature
/s/ Erin Guldiken, attorney-in-fact for Javier Olivan
Issuer symbol
META
Transactions as of
15 May 2024
Transactions value $
-$4,711,482
Form type
4
Filing time
17 May 2024, 20:14:21 UTC
Previous filing
07 May 2024
Next filing
28 May 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 +4,720 +77.26% $0 10,829 15 May 2024 Direct
transaction META Class A Common Stock Conversion of derivative security $0 +5,470 +50.51% $0 16,299 15 May 2024 Direct
transaction META Class A Common Stock Sale -$2,317,255 -4,911 -30.13% $471.85 11,388 15 May 2024 Direct F1
transaction META Class A Common Stock Options Exercise $0 +6,791 +59.63% $0 18,179 15 May 2024 Direct
transaction META Class A Common Stock Options Exercise $0 +2,679 +14.74% $0 20,858 15 May 2024 Direct
transaction META Class A Common Stock Tax liability -$2,100,676 -4,452 -21.34% $471.85 16,406 15 May 2024 Direct F2
transaction META Class A Common Stock Sale -$293,550 -618 -3.77% $475 15,788 16 May 2024 Direct F3
holding META Class A Common Stock 8,622 15 May 2024 By Olivan D LLC F4
holding META Class A Common Stock 2,999 15 May 2024 By Olivan Reinhold D LLC F5
holding META Class A Common Stock 8,622 15 May 2024 By Reinhold D LLC F6
holding META Class A Common Stock 68,935 15 May 2024 By Olivan Reinhold Family Revocable Trust u/a/d 10/16/12 F7

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 -4,720 -25% $0 14,162 15 May 2024 Class A Common Stock 4,720 Direct F8, F9
transaction META Restricted Stock Units (RSU) (Class A) Conversion of derivative security $0 -5,470 -12.5% $0 38,292 15 May 2024 Class A Common Stock 5,470 Direct F8, F10
transaction META Restricted Stock Units (RSU) (Class A) Options Exercise $0 -6,791 -8.33% $0 74,701 15 May 2024 Class A Common Stock 6,791 Direct F8, F11
transaction META Restricted Stock Units (RSU) (Class A) Options Exercise $0 -2,679 -6.25% $0 40,191 15 May 2024 Class A Common Stock 2,679 Direct F8, F12
* 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 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 RSUs and does not represent a sale.
F3 The sale reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 30, 2023.
F4 Shares held of record by the reporting person, manager of Olivan D LLC.
F5 Shares held of record by the reporting person and his spouse, managers of Olivan Reinhold D LLC.
F6 Shares held of record by the reporting person's spouse, manager of Reinhold D LLC.
F7 Shares held of record by the reporting person and his spouse, Co-Trustees of the Olivan Reinhold Family Revocable Trust u/a/d 10/16/12.
F8 Each RSU represents a contingent right to receive 1 share of the Issuer's Class A Common Stock upon settlement.
F9 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.
F10 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.
F11 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.
F12 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.