Meta (META) Director John Elkann Receives 110 RSU Shares

What Happened John Elkann, a director of Meta Platforms, received 110 shares on 2026-08-15 upon settlement of restricted stock units (RSUs). The filing shows 110 RSU-derived shares were converted (derivative extinguished) and 110 shares were acquired at $0.00. The issuer withheld 8 of those shares to satisfy tax withholding obligations at $589.85 per share, totaling $4,719, leaving a net delivery of 102 shares to Elkann.

Key Details

• Transaction date: 2026-08-15; Form 4 filed 2026-08-18 (3 days later).
• Shares: 110 RSU shares settled/converted; 8 shares withheld for taxes (withholding valued at $589.85/share; $4,719 total).
• Net shares received by Elkann: 102 (110 settled − 8 withheld).
• Footnotes: F1–F4 confirm these were RSU settlements (each RSU = 1 share), withholding was to satisfy income tax remittance, and the RSUs vest quarterly (1/16th each quarter beginning 5/15/2025).
• Shares owned after the transaction: not specified in the filing.
• Filing timeliness: filed 3 days after the transaction date; this may be beyond the usual 2 business‑day Form 4 window.

Context This was a routine RSU settlement (award vesting), not an open-market purchase or sale. The 8-share disposition reflects issuer tax withholding (a net settlement), not a market sale. Such award settlements are common compensation events for insiders and do not, by themselves, indicate a buy or sell signal.