Olivan Javier 4
4 · Meta Platforms, Inc. · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Meta (META) COO Javier Olivan Sells Shares After RSU Settlement
What Happened
- Javier Olivan, Chief Operating Officer of Meta Platforms (META), had RSUs convert/vest on Feb 15, 2026 and immediately settled/exercised a total of 16,903 shares (recorded as conversions/exercises). Of those, 5,403 shares were withheld to cover tax obligations (net settlement — not an open‑market sale) valued at $3,456,677.
- He sold 2,461 shares on Feb 15, 2026 at $639.77 for $1,574,474 (reported as a sale under a Rule 10b5-1 plan). He also sold additional small blocks on Feb 17, 2026 (801 shares total) at $639.18, totaling $511,983. Total open‑market proceeds ≈ $2,086,457.
- After the conversions, withholding and sales, roughly 8,238 of the newly settled shares remain (16,903 settled − 5,403 withheld − 3,262 sold = ~8,238).
Key Details
- Transaction dates/prices: Feb 15, 2026 conversions/exercises (shares recorded at $0.00 because these were RSU settlements); Feb 15 sale 2,461 @ $639.77; Feb 17 sales totaling 801 @ $639.18.
- Tax withholding: 5,403 shares withheld by the issuer (valued at $3,456,677) to satisfy tax obligations — this is not an open‑market sale (footnotes F1/F2).
- 10b5-1 plan: At least the Feb 15 sale was made pursuant to a Rule 10b5-1 trading plan adopted Nov 17, 2025 (footnote F3).
- RSU details: Each RSU converts to one share on settlement; vesting is quarterly (1/16th) per the filing’s footnotes (F8–F12).
- Shares owned after transaction: the filing extract provided did not list total post-transaction holdings by the reporting person; the filing shows net retention of ~8,238 newly settled shares from these events.
- Timeliness: No late‑filing flag was indicated in the provided information.
Context
- These were RSU settlements (not new purchases). RSUs convert to shares upon vesting; some shares are commonly withheld by the company to meet tax obligations (a routine administrative step).
- A portion of the shares received were sold under a pre-established 10b5-1 plan and via open-market trades — typical for executives managing tax and diversification needs. These sales are informational and do not, by themselves, indicate company performance expectations.
Insider Transaction Report
Form 4
Olivan Javier
Chief Operating Officer
Transactions
- Conversion
Class A Common Stock
2026-02-15+5,471→ 14,569 total - Sale
Class A Common Stock
[F1]2026-02-15$639.77/sh−2,461$1,574,474→ 12,108 total - Exercise/Conversion
Class A Common Stock
2026-02-15+6,791→ 18,899 total - Exercise/Conversion
Class A Common Stock
2026-02-15+2,680→ 21,579 total - Exercise/Conversion
Class A Common Stock
2026-02-15+1,961→ 23,540 total - Tax Payment
Class A Common Stock
[F2]2026-02-15$639.77/sh−5,403$3,456,677→ 18,137 total - Sale
Class A Common Stock
[F3]2026-02-17$639.18/sh−172$109,939→ 17,965 total - Sale
Class A Common Stock
[F3][F4]2026-02-17$639.18/sh−82$52,413→ 8,540 total(indirect: By LLC) - Sale
Class A Common Stock
[F3][F5]2026-02-17$639.18/sh−57$36,433→ 2,942 total(indirect: By LLC) - Sale
Class A Common Stock
[F3][F6]2026-02-17$639.18/sh−82$52,413→ 8,540 total(indirect: By LLC) - Sale
Class A Common Stock
[F3][F7]2026-02-17$639.18/sh−408$260,785→ 90,085 total(indirect: By Trust) - Conversion
Restricted Stock Units (RSU) (Class A)
[F8][F9]2026-02-15−5,471→ 0 total→ Class A Common Stock (5,471 underlying) - Exercise/Conversion
Restricted Stock Units (RSU) (Class A)
[F8][F10]2026-02-15−6,791→ 27,164 total→ Class A Common Stock (6,791 underlying) - Exercise/Conversion
Restricted Stock Units (RSU) (Class A)
[F8][F11]2026-02-15−2,680→ 21,435 total→ Class A Common Stock (2,680 underlying) - Exercise/Conversion
Restricted Stock Units (RSU) (Class A)
[F8][F12]2026-02-15−1,961→ 23,528 total→ Class A Common Stock (1,961 underlying)
Footnotes (12)
- [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.
- [F10]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.
- [F11]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.
- [F12]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.
- [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 November 17, 2025.
- [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, 2022, subject to continued service through each vesting date.
Signature
/s/ Erin Guldiken, attorney-in-fact for Javier Olivan|2026-02-18