LI SUSAN J 4
4 · Meta Platforms, Inc. · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
Meta (META) CFO Susan Li Sells 55,702 Shares (~$35.3M)
What Happened
- Susan J. Li, Chief Financial Officer of Meta Platforms (META), sold a total of 55,702 shares in open-market transactions on February 24, 2026 (transaction code S — sales). The filing lists nine sale lots with per-share weighted-average prices and values:
- 2,766 shares @ $630.31 = $1,743,435
- 11,252 shares @ $631.00 = $7,100,064
- 10,436 shares @ $631.94 = $6,594,949
- 4,948 shares @ $633.03 = $3,132,210
- 4,141 shares @ $634.10 = $2,625,821
- 8,138 shares @ $635.06 = $5,168,116
- 5,182 shares @ $635.89 = $3,295,165
- 7,439 shares @ $637.22 = $4,740,297
- 1,400 shares @ $637.94 = $893,119
- Aggregate proceeds ≈ $35,293,176. These were sales (not purchases or option exercises), which are often routine rather than a direct bullish signal.
Key Details
- Transaction date: February 24, 2026; Form 4 filed February 26, 2026 (filed within the normal two-business-day window).
- Total shares sold: 55,702; total proceeds ≈ $35.3M.
- Price details: reported prices are weighted averages; the filing includes footnote ranges showing individual trades occurred roughly between ~$629.53 and ~$638.46 per share (see footnotes F2–F10 for per-lot ranges).
- 10b5-1 plan: Footnote F1 states the sales were executed under a Rule 10b5-1 trading plan adopted November 25, 2025 (pre‑planned trading).
- Foundation holdings: Footnote F11 notes some shares are held of record by the Li‑Hegeman Family Foundation; Ms. Li is deemed to have voting and investment power over those shares but no pecuniary interest.
- Shares owned after transaction: not specified in the provided excerpt of the filing.
Context
- Sales executed under a 10b5-1 plan are pre‑arranged and typically reflect planned dispositions (e.g., diversification or liquidity) rather than active timing of market moves. For retail investors, purchases by insiders tend to carry more interpretive weight than routine sales.
- All prices reported are weighted averages across multiple trades; the filer offers to disclose the number of shares sold at each specific price on request to the SEC or issuer.
Insider Transaction Report
Form 4
LI SUSAN J
Chief Financial Officer
Transactions
- Sale
Class A Common Stock
[F1][F2]2026-02-24$630.31/sh−2,766$1,743,435→ 66,122 total(indirect: By Trust) - Sale
Class A Common Stock
[F1][F3]2026-02-24$631.00/sh−11,252$7,100,064→ 54,870 total(indirect: By Trust) - Sale
Class A Common Stock
[F1][F4]2026-02-24$631.94/sh−10,436$6,594,949→ 44,434 total(indirect: By Trust) - Sale
Class A Common Stock
[F1][F5]2026-02-24$633.03/sh−4,948$3,132,210→ 39,486 total(indirect: By Trust) - Sale
Class A Common Stock
[F1][F6]2026-02-24$634.10/sh−4,141$2,625,821→ 35,345 total(indirect: By Trust) - Sale
Class A Common Stock
[F1][F7]2026-02-24$635.06/sh−8,138$5,168,116→ 27,207 total(indirect: By Trust) - Sale
Class A Common Stock
[F1][F8]2026-02-24$635.89/sh−5,182$3,295,165→ 22,025 total(indirect: By Trust) - Sale
Class A Common Stock
[F1][F9]2026-02-24$637.22/sh−7,439$4,740,297→ 14,586 total(indirect: By Trust) - Sale
Class A Common Stock
[F1][F10]2026-02-24$637.94/sh−1,400$893,119→ 13,186 total(indirect: By Trust)
Holdings
- 56,571(indirect: By Foundation)
Class A Common Stock
[F11]
Footnotes (11)
- [F1]The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 25, 2025.
- [F10]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $637.68 to $638.46 per share. The holder undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F11]Shares held of record by the Li-Hegeman Family Foundation (the "Foundation"). The reporting person is deemed to have voting and investment power over the shares held by the Foundation, but has no pecuniary interest in these shares.
- [F2]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $629.53 to $630.525 per share. The holder undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F3]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $630.53 to $631.52 per share. The holder undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F4]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $631.53 to $632.525 per share. The holder undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F5]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $632.535 to $633.52 per share. The holder undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F6]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $633.54 to $634.52 per share. The holder undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F7]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $634.54 to $635.535 per share. The holder undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F8]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $635.54 to $636.52 per share. The holder undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F9]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $636.65 to $637.615 per share. The holder undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Signature
/s/ Erin Guldiken, attorney-in-fact for Susan J. Li|2026-02-26