Elkann John 4
4 · Meta Platforms, Inc. · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Meta (META) Director John Elkann Receives 110 Shares (RSU Settlement)
What Happened
John Elkann, a director of Meta Platforms, had 110 Restricted Stock Units (RSUs) convert into 110 shares on Feb 15, 2026 (reported Feb 18). The RSU settlement carried no exercise price ($0.00). The issuer withheld 10 of those shares to satisfy income tax withholding obligations at $639.77 per share (tax withholding value reported as $6,398). Net delivered shares to Elkann were 100.
Key Details
- Transaction date: 2026-02-15; Filing date: 2026-02-18 (timely filing).
- Reported transactions:
- M (exercise/conversion of derivative): 110 RSUs converted to 110 shares @ $0.00 (acquired).
- F (tax withholding): 10 shares withheld @ $639.77 = $6,398 (reported as disposed/withheld; not an open-market sale).
- M (derivative disposition line) reflects conversion of the RSU derivative instrument.
- Net shares received by Elkann: 100 (110 acquired less 10 withheld for taxes).
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Footnotes of note: F1–F4 confirm these were RSUs (1 RSU = 1 share), vested/settled on the date and that withholding was to satisfy taxes (not a sale). RSUs vest quarterly as to 1/16th beginning May 15, 2025.
Context: This was an award settlement of RSUs (not an open-market purchase or sale). The conversion/settlement (transaction code M) and the withholding for taxes (code F) are routine administrative steps when RSUs vest; the withheld shares are remitted to the issuer to cover tax obligations rather than sold in the market.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1]2026-02-15+110→ 721 total - Tax Payment
Class A Common Stock
[F2]2026-02-15$639.77/sh−10$6,398→ 711 total - Exercise/Conversion
Restricted Stock Units (RSU) (Class A)
[F3][F4]2026-02-15−110→ 1,314 total→ Class A Common Stock (110 underlying)
Footnotes (4)
- [F1]Represents the number of shares that were acquired in connection with the settlement of the Restricted Stock Units ("RSUs") listed in Table II.
- [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]Each RSU represents a contingent right to receive 1 share of the Issuer's Class A Common Stock upon settlement.
- [F4]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.