Houston Andrew 4

What Happened

• Andrew Houston, a director of Meta Platforms, converted/settled restricted stock units (RSUs) into 600 shares on May 15, 2026 (transaction code M). The filing shows 600 shares were acquired at $0.00 and 600 shares were simultaneously disposed at $0.00, resulting in no reported cash purchase price or sale proceeds on the Form 4 excerpt provided.
• This was not a market purchase or open-market sale; it reflects RSU settlement/conversion rather than an independent buy or sell.

Key Details

• Transaction date: May 15, 2026; Form 4 filed: May 19, 2026 (timely filing — within the required reporting window).
• Price reported: $0.00 for both the acquisition and disposition entries; total reported value $0.
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes from the filing:
  • F1: The shares acquired were in connection with settlement of RSUs listed in Table II.
  • F2: Each RSU converts to one share of Class A common stock.
  • F3: The RSUs vested 100% on May 15, 2026.
• Transaction code explanation: M indicates exercise or conversion of a derivative (here, RSU settlement).

Context

• RSU settlements convert a contingent right into actual shares when they vest; each RSU here converted 1-for-1 into a share.
• The simultaneous acquisition and disposition is consistent with common practices (for example, shares surrendered or sold to cover tax withholding), but the filing itself only shows the settlement and the disposition — it does not state the reason for the disposition.