Meta (META) COO Javier Olivan Sells Shares

What Happened Javier Olivan, Chief Operating Officer of Meta Platforms (META), sold a total of 1,575 Meta shares in open‑market transactions on September 28, 2026, generating proceeds of approximately $1,180,967. The sales were executed in multiple lots at prices between $748.91 and $750.42 per share and were reported on a Form 4 filed September 30, 2026. These were sales (not purchases) and were effected pursuant to a prearranged Rule 10b5‑1 trading plan.

Key Details

• Transaction date: 2026-09-28 (Filed: 2026-09-30 — appears timely, two business days after the trades).
• Individual trades reported:
  • 946 shares @ $750.42 = $709,902
  • 408 shares @ $748.91 = $305,555
  • 82 shares @ $748.91 = $61,411
  • 82 shares @ $748.91 = $61,411
  • 57 shares @ $748.91 = $42,688
• Total: 1,575 shares sold for approximately $1,180,967.
• Shares owned after the transaction: not specified in the information provided in this summary.
• Notable footnotes:
  • F1: Sales were effected under a Rule 10b5‑1 trading plan adopted Nov 17, 2025.
  • F2–F5: Several holdings are held of record by entities and trusts managed or co‑managed by the reporting person and/or spouse (Olivan D LLC; Olivan Reinhold D LLC; Reinhold D LLC; Olivan Reinhold Family Revocable Trust u/a/d 10/16/12).

Context

• These were routine insider sales under a prearranged 10b5‑1 plan; such sales are generally planned in advance and do not necessarily signal a change in the insider’s view of the company.
• For retail investors, purchases by insiders tend to be more informative than routine sales; this filing documents disposition of shares only.