Arnold John Douglas 4

What Happened
Arnold John Douglas, a Director of Meta Platforms (META), had restricted stock units (RSUs) vest on May 15, 2026 and these RSUs were converted/exercised into shares (transaction code M). The filing shows conversions of 167 and 600 RSUs (total 767) at $0 per share. Some or all of the vested units were subject to deferred settlement under Meta’s Deferred Compensation Plan for Non-Employee Directors, which is why the Form 4 records both acquisition and derivative-disposition entries for the same amounts.

Key Details

• Transaction date: May 15, 2026; Form 4 filed May 19, 2026 (appears to be within the two-business-day filing window).
• Reported entries: conversion/exercise (code M) of 167 shares and 600 shares; both reported as acquired at $0 and also reported as disposed as derivative interests (see footnotes).
• Total vested/converted: 767 RSUs (1 RSU = 1 share).
• Footnotes: F1–F5 indicate these were RSUs that vested, settlement can be deferred under the issuer’s plan, RSUs convert 1-for-1 to shares, and the RSUs vested 100% on May 15, 2026.
• Shares owned after transaction: not specified in the provided excerpt.

Context
This was not a cash purchase or an open-market sale but routine equity compensation vesting for a director. RSU conversions at $0 simply reflect the accounting conversion of vested awards into shares; deferred settlement means shares may not have been delivered immediately or may remain subject to the issuer’s deferred compensation arrangements. Such vesting events are common for executive/director compensation and do not by themselves indicate a buy or sell signal.