Olivan Javier 4

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.