Meta Executive's $5.7M Stock Sales Show Consistent Selling Strategy
Rhea-AI Filing Summary
Meta Platforms executive Jennifer Newstead has filed a Form 144 notice for the proposed sale of 519 Class A Common Shares through Charles Schwab, with an aggregate market value of $365,838. The shares were acquired on May 15, 2025, through a Restricted Stock Unit lapse as part of equity compensation.
The filing reveals a consistent pattern of share disposals by Newstead over the past 3 months, with regular transactions including:
- Weekly sales of 921 shares from March 25 to May 6, 2025
- A transition to selling 519 shares per week from May 16 to June 17, 2025
- Total proceeds from previous sales exceeding $5.7 million
The proposed sale represents approximately 0.00024% of Meta's total outstanding shares (2.17 billion shares). The transaction is scheduled for execution on June 24, 2025, on the NASDAQ exchange.
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