LI SUSAN J 4

What Happened

• Susan J. Li, Chief Financial Officer of Meta Platforms, received multiple grants on March 20, 2026 totaling 697,132 derivative awards (reported as grants/awards). Each reported grant shows an acquisition price of $0.00 (i.e., awards were granted, not purchased).
• The filing lists individual tranches of 43,267; 12,806; 18,066; 29,340; 97,541; 155,491; 249,382; and 91,239 units. Some awards are Restricted Stock Units (RSUs) and others are stock-option tranches, per the filing footnotes.

Key Details

• Transaction date: March 20, 2026; Form 4 filed March 24, 2026 (timely within the two-business-day reporting window).
• Quantity granted: 697,132 total derivative awards (sum of the eight tranches listed).
• Reported price: $0.00 for each grant (reflects grant/award status, not a cash purchase).
• Shares owned after transaction: Not specified in the provided summary of the filing.
• Notable footnotes:
  • F1: RSUs convert to 1 share of Class A common stock upon settlement.
  • F2: RSU vesting: quarterly as to 1/16th of the total RSUs beginning May 15, 2026, conditioned on continued service.
  • F3–F4: Option tranches have a “Price Vesting Period” through Feb 14, 2028 — if the stock price meets/exceeds the tranche exercise price during that period, the tranche vests then (subject to service). Any tranches not vested by then have a post‑period schedule: 6/16ths vest on Feb 15, 2028, then 1/16th quarterly through Aug 15, 2030 (subject to service).
• Filing timeliness: Filed on 3/24/2026 for a 3/20/2026 grant — within the normal Form 4 reporting window.

Context

• These are awards/grants (not an open‑market purchase or sale). RSUs represent rights to shares upon settlement; options require meeting price and service conditions before becoming exercisable/convertible to shares. Awards like these are typical components of executive compensation and vest over time or upon performance/price triggers — they do not indicate an immediate purchase or sale of stock.