Meta Platforms (NASDAQ: META) director sells 504 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Meta Platforms director Robert M. Kimmitt sold 504 shares of Class A Common Stock in an open-market transaction. The shares were sold at an average price of $629.29 on June 1, 2026. After this trade, he directly holds 3,943 Meta shares. The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 25, 2026, indicating it was scheduled in advance rather than timed discretionarily.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 504 shares ($317,162)
Net Sell
1 txn
Insider
KIMMITT ROBERT M
Role
null
Sold
504 shs ($317K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 504 | $629.29 | $317K |
Holdings After Transaction:
Class A Common Stock — 3,943 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 504 shares
Sale price per share: $629.29 per share
Shares held after transaction: 3,943 shares
3 metrics
Shares sold
504 shares
Open-market sale of Meta Class A Common Stock on June 1, 2026
Sale price per share
$629.29 per share
Average sale price for the 504 Meta shares
Shares held after transaction
3,943 shares
Director’s direct Meta Class A holdings following the sale
Key Terms
Class A Common Stock, open-market sale, Rule 10b5-1 trading plan
3 terms
Class A Common Stock financial
"security_title: "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Rule 10b5-1 trading plan regulatory
"The sale reported was effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
FAQ
What insider transaction did Meta (META) director Robert Kimmitt report?
Robert M. Kimmitt reported selling 504 shares of Meta Class A Common Stock. The open-market sale occurred at an average price of $629.29 per share, reflecting a routine insider disposition disclosed in a Form 4 filing.
What type of security did Meta (META) director Robert Kimmitt sell?
He sold Meta Platforms Class A Common Stock. The Form 4 describes a non-derivative transaction involving 504 shares of this class, executed in an open-market sale at an average price of $629.29 per share.