Cox Christopher K 4

What Happened

• Christopher K. Cox, Chief Product Officer at Meta Platforms (META), had RSUs convert into common shares on Feb 15, 2026. A total of 16,903 RSUs were converted (multiple lots of 5,471; 6,791; 2,680; 1,961 shares). The conversions carried a $0.00 exercise price (RSU settlement), and the issuer withheld 8,153 shares to cover tax withholding at a per-share value of $639.77, totaling $5,216,045. After withholding, Cox received a net ~8,750 shares (16,903 converted minus 8,153 withheld).
• This was not an open-market sale — the 8,153-share “disposition” reflects employer tax withholding in connection with RSU settlement (cashless/net settlement), not a market sale by the insider.

Key Details

• Transaction date: Feb 15, 2026; Form 4 filed Feb 18, 2026.
• Converted (M code): 16,903 RSUs into shares (5,471; 6,791; 2,680; 1,961).
• Tax withholding (F code): 8,153 shares withheld at $639.77/share = $5,216,045.
• Net shares delivered to insider: ~8,750 shares.
• Shares held/recorded: Some shares held in trusts (Footnotes F1, F3). Footnote F2 clarifies withheld shares were for tax remittance and not a sale.
• Vesting: These were RSU settlements (each RSU = 1 share; vesting schedules referenced in F5–F8).
• Filing timeliness: Form filed 3 days after the Feb 15 transaction (Feb 18 filing date). Investors should consult the SEC filing for official timeliness status.

Context

• Code explanations: M = exercise/conversion of a derivative (here, RSU settlement); F = shares withheld to pay tax liabilities. The $0.00 “price” on conversion reflects RSUs settling into shares rather than a paid option exercise.
• Withholding is routine for vested RSUs and does not imply an insider market sale or a change in investment stance. For voting/beneficial ownership details, review the full Form 4 and listed trust holdings.