Elkann John 4

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.