Zuckerberg Mark 4
Research Summary
AI-generated summary
Meta (META) Mark Zuckerberg (10% Owner) Gifts 8.66M Shares
What Happened
Mark Zuckerberg (reported as a 10% owner) reported a gift/transfer of 8,663,023 shares of Meta Class B common stock (reported as derivative securities) on May 7, 2026. The filing shows two matching entries (one disposed, one acquired) at $0 per share, reported total value $0. The Class B shares are convertible into Class A on a 1-for-1 basis (see footnote F2). Footnote F4 indicates the change was a transfer of form of beneficial ownership for no consideration and exempt under Rule 16a-13.
Key Details
- Transaction date: 2026-05-07. Filing date: 2026-05-11 (filed within the two-business-day Form 4 deadline).
- Security: Class B Common Stock (derivative reporting); convertible to Class A on a 1-for-1 basis (F2).
- Shares moved: 8,663,023 (reported as a gift/transfer). Price/value on Form 4: $0.
- Notable footnotes: F1 — these shares are held of record by Chan Zuckerberg Biohub, Inc.; Zuckerberg is deemed to have sole voting and investment power over those shares but has no pecuniary interest in them. F4 — change in form of beneficial ownership, transfer exempt under Rule 16a-13. Other footnotes (F5–F15, F6–F9, etc.) list various holding entities over which he is deemed to have voting/investment power.
- Shares owned after transaction: not specified in the provided excerpt.
Context
This filing reports a gift/transfer rather than an open-market buy or sale; gifts and intra-family or intra-entity transfers often reflect estate planning, philanthropy, or corporate reorganization and do not necessarily signal a view on the company’s stock. As a 10% owner and founder, Zuckerberg’s filings often reflect transfers among entities he controls; note that for the shares held by Chan Zuckerberg Biohub he is reported as having voting power but not an economic interest.