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Meta Platforms, Inc.·4

Feb 26, 6:24 PM ET

LI SUSAN J 4

Research Summary

AI-generated summary

Updated

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.