LI SUSAN J 4
4 · Meta Platforms, Inc. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Meta (META) CFO Susan Li Sells 56,571 Shares
What Happened
- Susan J. Li, Chief Financial Officer of Meta Platforms, sold a total of 56,571 shares in multiple open-market transactions on February 27, 2026. The individual sales were executed at weighted-average prices ranging from $640.11 to $648.83 per share, producing aggregate proceeds of approximately $36,471,143.
- These were outright sales (not purchases or option exercises). The filing indicates the sales were effected pursuant to a Rule 10b5-1 trading plan adopted by Ms. Li on November 25, 2025 — a pre-arranged plan that often reflects routine disposition rather than an immediate change in view about the company.
Key Details
- Transaction date: February 27, 2026; Form 4 filed March 3, 2026 (filed within the required two business days).
- Shares sold: 56,571; aggregate proceeds: ~$36.47 million.
- Price details: reported as weighted averages per line (individual weighted-average prices shown from $640.11 up to $648.83). Footnotes in the filing provide the specific trade-price ranges for each block and state that the filer will provide full per-price breakdowns on request.
- Notable footnotes: F1 — sales pursuant to a Rule 10b5-1 plan (adopted 11/25/2025); F2–F12 — weighted-average prices reported with specified per-block price ranges; F3 — certain shares are held of record by the Li‑Hegeman Family Foundation (reporting person has voting/investment power but no pecuniary interest).
- Shares owned after the transaction: not stated in the excerpt provided here — see the full Form 4 for post-transaction holdings.
Context
- Sales under a 10b5-1 plan are pre-scheduled and commonly used by insiders to avoid timing issues; they are generally considered routine and do not necessarily indicate a change in the insider’s view of the company.
- For retail investors, purchases by insiders typically carry more signal value than planned sales. If you want exact per-trade prices or the reporting person’s remaining holdings, review the full Form 4 or request the per-price breakdown referenced in the filing footnotes.
Insider Transaction Report
Form 4
LI SUSAN J
Chief Financial Officer
Transactions
- Sale
Class A Common Stock
[F1][F2][F3]2026-02-27$640.11/sh−1,426$912,791→ 55,145 total(indirect: By Foundation) - Sale
Class A Common Stock
[F1][F4][F3]2026-02-27$641.21/sh−4,176$2,677,706→ 50,969 total(indirect: By Foundation) - Sale
Class A Common Stock
[F1][F5][F3]2026-02-27$642.26/sh−5,515$3,542,089→ 45,454 total(indirect: By Foundation) - Sale
Class A Common Stock
[F1][F6][F3]2026-02-27$643.27/sh−7,392$4,755,047→ 38,062 total(indirect: By Foundation) - Sale
Class A Common Stock
[F1][F7][F3]2026-02-27$644.12/sh−6,733$4,336,828→ 31,329 total(indirect: By Foundation) - Sale
Class A Common Stock
[F1][F8][F3]2026-02-27$645.29/sh−11,306$7,295,703→ 20,023 total(indirect: By Foundation) - Sale
Class A Common Stock
[F1][F9][F3]2026-02-27$646.25/sh−11,744$7,589,571→ 8,279 total(indirect: By Foundation) - Sale
Class A Common Stock
[F1][F10][F3]2026-02-27$647.03/sh−5,135$3,322,512→ 3,144 total(indirect: By Foundation) - Sale
Class A Common Stock
[F1][F11][F3]2026-02-27$648.16/sh−1,530$991,689→ 1,614 total(indirect: By Foundation) - Sale
Class A Common Stock
[F1][F12][F3]2026-02-27$648.83/sh−1,614$1,047,207→ 0 total(indirect: By Foundation)
Holdings
- 13,186(indirect: By Trust)
Class A Common Stock
Footnotes (12)
- [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 $646.70 to $647.69 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]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $647.71 to $648.70 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.
- [F12]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $648.71 to $649.03 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.
- [F2]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $639.62 to $640.61 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]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.
- [F4]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $640.66 to $641.65 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 $641.68 to $642.66 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 $642.68 to $643.66 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 $643.68 to $644.67 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 $644.70 to $645.66 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 $645.70 to $646.69 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|2026-03-03