Zuckerberg Executes 10b5-1 Sale of 13.8K Meta Shares Worth $9.8M
Rhea-AI Filing Summary
Meta Platforms (NASDAQ:META) filed a Form 4 revealing that Chair & CEO Mark Zuckerberg, via the Chan Zuckerberg Initiative Foundation, sold 13,793 Class A shares on 25-Jun-2025 at weighted-average prices of $705.59-$716.15, realizing roughly $9.8 million in gross proceeds.
The transactions were executed under a pre-arranged Rule 10b5-1 plan adopted 1-Feb-2025. Following the sale, the foundation holds 57,533 Class A shares.
- Zuckerberg still beneficially owns ≈342.6 million Class B shares (convertible 1-for-1 into Class A), preserving voting control.
- Form notes he has no pecuniary interest in the foundation’s shares.
No other changes to derivative or direct holdings were reported.
Positive
- None.
Negative
- $9.8 million insider sale by 10% owner may pressure near-term sentiment despite minimal impact on control
Insights
TL;DR: $9.8 M sale small vs. holdings; neutral signal.
Scale: 13,793 shares is ≈0.004% of Zuckerberg’s beneficial stake yet above the $1 M materiality threshold. Structure: executed through CZI Foundation under a 10b5-1 plan, limiting discretionary timing. Intent: Filing states Zuckerberg has no pecuniary interest, implying philanthropic liquidity rather than personal divestment. Control: Retention of ~342.6 M Class B shares means voting power unaffected. Taken together, the transaction is routine, offers limited insight into operational outlook, and does not alter governance dynamics.
TL;DR: Insider sale notable in dollars, immaterial in control—watch but don’t overreact.
Dollar value (~$9.8 M) might spook momentum traders, yet relative size is de-minimis vs. Zuckerberg’s multi-billion stake. The predetermined 10b5-1 plan and philanthropic vehicle reduce information-content; selling pattern aligns with past charitable funding rounds. No change in strategic positioning or capital structure accompanies the filing. Liquidity effect on META’s float is negligible. Short-term sentiment could drift negative, but fundamental thesis remains untouched.
Insider Trade Summary
Net Seller: 13,793 shares
Net Sell
18 txns
Insider
Zuckerberg Mark
Role
COB and CEO
Sold
13,793 shs ($9.80M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 884 | $706.0915 | $624K |
| Sale | Class A Common Stock | 1,286 | $707.0032 | $909K |
| Sale | Class A Common Stock | 2,428 | $708.1765 | $1.72M |
| Sale | Class A Common Stock | 2,731 | $709.077 | $1.94M |
| Sale | Class A Common Stock | 442 | $710.0905 | $314K |
| Sale | Class A Common Stock | 1,745 | $711.7174 | $1.24M |
| Sale | Class A Common Stock | 2,353 | $712.7451 | $1.68M |
| Sale | Class A Common Stock | 1,177 | $713.7046 | $840K |
| Sale | Class A Common Stock | 643 | $714.7388 | $460K |
| Sale | Class A Common Stock | 104 | $716.1212 | $74K |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 57,533 shares (Indirect, By Chan Zuckerberg Initiative Foundation);
Class B Common Stock — 160,156,987 shares (Indirect, By CZI Holdings, LLC);
Class B Common Stock — 3,388,097 shares (Indirect, By Mark Zuckerberg, Trustee Of The Mark Zuckerberg Trust Dated July 7, 2006);
Class B Common Stock — 17,061,801 shares (Indirect, By Chan Zuckerberg Holdings, LLC);
Class B Common Stock — 12,000,000 shares (Indirect, By CZI Holdings I, LLC);
Class B Common Stock — 50,000,000 shares (Indirect, By Chan Zuckerberg Holdings II, LLC);
Class B Common Stock — 50,000,000 shares (Indirect, By Chan Zuckerberg Holdings III, LLC);
Class B Common Stock — 100 shares (Indirect, CZ Management, LLC);
Class B Common Stock — 50,000,000 shares (Indirect, By Chan Zuckerberg Holdings IV, LLC)
Footnotes (21)
- F1. The sales reported were effected by the Chan Zuckerberg Initiative Foundation ("CZI Foundation") pursuant to the Rule 10b5-1 trading plan adopted by the reporting person on February 1, 2025.
- F2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $705.585 to $706.47 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F3. Shares held of record by CZI Foundation. The reporting person is deemed to have voting and investment power over the shares held by CZI Foundation, but has no pecuniary interest in these shares.
- F4. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $706.63 to $707.585 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F5. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $707.63 to $708.62 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F6. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $708.67 to $709.65 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F7. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $709.715 to $710.37 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F8. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $711.18 to $712.10 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F9. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $712.20 to $713.14 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F10. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $713.20 to $714.19 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F11. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $714.25 to $715.17 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F12. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $716.12 to $716.15 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F13. The Class B Common Stock is convertible into the issuer's Class A Common Stock on a 1-for-1 basis (a) at the holder's option or (b) upon certain transfers of such shares and has no expiration date.
- F14. Shares held of record by CZI Holdings, LLC ("CZI"). Mark Zuckerberg, Trustee of the Mark Zuckerberg Trust dated July 7, 2006 ("2006 Trust"), is the sole member of CZI. The reporting person is the sole trustee of the 2006 Trust and, therefore, is deemed to have sole voting and investment power over the securities held by CZI.
- F15. Shares held of record by Mark Zuckerberg, Trustee of the 2006 Trust.
- F16. Shares held of record by Chan Zuckerberg Holdings, LLC ("CZ Holdings"), which is beneficially owned by the reporting person. The reporting person is deemed to have sole voting and investment power over the securities held by CZ Holdings.
- F17. Shares held of record by CZI Holdings I, LLC ("CZI I"), which is beneficially owned by the reporting person. The reporting person is deemed to have sole voting and investment power over the securities held by CZI I.
- F18. Shares held of record by Chan Zuckerberg Holdings II, LLC ("CZ Holdings II"), which is beneficially owned by the reporting person. The reporting person is deemed to have sole voting and investment power over the securities held by CZ Holdings II.
- F19. Shares held of record by Chan Zuckerberg Holdings III, LLC ("CZ Holdings III"), which is beneficially owned by the reporting person. The reporting person is deemed to have sole voting and investment power over the securities held by CZ Holdings III.
- F20. Shares held of record by CZ Management, LLC ("CZ Management"), which is beneficially owned by the reporting person. The reporting person is deemed to have sole voting and investment power over the securities held by CZ Management.
- F21. Shares held of record by Chan Zuckerberg Holdings IV, LLC ("CZ Holdings IV"), which is beneficially owned by the reporting person. The reporting person is deemed to have sole voting and investment power over the securities held by CZ Holdings IV.
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FAQ
What was the average sale price for Zuckerberg’s June 2025 transaction?
Weighted-average prices ranged from $705.59 to $716.15 per share, generating about $9.8 million in proceeds.