Olivan Javier 4

What Happened Javier Olivan, Chief Operating Officer of Meta Platforms (META), sold a total of 1,555 shares in open-market transactions on March 9, 2026 at $634.94 per share, generating aggregate proceeds of approximately $987,332. The reported trades were broken into five disposals: 926 shares ($587,954), 408 shares ($259,056), and three smaller lots of 82 ($52,065), 82 ($52,065) and 57 ($36,192).

Key Details

• Transaction date and price: March 9, 2026 — all sales at $634.94 per share.
• Total shares sold: 1,555; total proceeds: ~$987,332.
• Filing date: March 11, 2026 — appears to be filed within the standard two-business-day window for Form 4s.
• Shares owned after transaction: Not specified in the provided filing details.
• Notable footnotes from the filing:
  • F1: Sales were effected pursuant to a Rule 10b5-1 trading plan adopted November 17, 2025.
  • F2–F5: Some shares are held of record by entities/trusts (Olivan D LLC, Olivan Reinhold D LLC, Reinhold D LLC, and the Olivan Reinhold Family Revocable Trust), indicating holdings are partly through family/manager entities.

Context Sales executed under a 10b5-1 plan are pre-arranged trading programs that allow insiders to sell shares on a set schedule; such sales are often routine and do not necessarily indicate the insider’s current view on the company. For retail investors, purchases are typically more informative than routine sales, but the size and timing here provide a data point to track alongside other insider activity.