[Form 4] Meta Platforms, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Form 4 key points (filed 31-Jul-2025): Deutsche Telekom AG and three wholly-owned subsidiaries—each a TMUS director >10% owner—sold T-Mobile US common stock on 30-31 Jul 2025 under a Rule 10b5-1 plan adopted 13-Mar-2025.

• Total shares sold: 139,680
• Estimated proceeds: ≈ US$34 million
• Price range: $238.59 – $242.77 (nine tranches; weighted-avg prices listed in filing)
• Post-sale holding: 646,403,724 TMUS shares held directly

The sales equal roughly 0.02% of Deutsche Telekom’s stake and do not alter its director-by-deputization or 10% owner status. No derivative transactions were reported.

Investor takeaway: The move appears to be routine stake management with negligible dilution or governance impact.

Insights

Equity Analyst

TL;DR: Small, pre-planned insider sale (~0.02% stake) is immaterial to TMUS valuation—neutral signal.

The 139,680-share sale nets about $34 million, but Deutsche Telekom still controls 646.4 million shares. Because the disposition was executed through a 10b5-1 plan, the timing is automated, limiting informational content. The modest size relative to the 960 million TMUS shares outstanding (assumes prior public data) suggests no supply overhang. No derivatives were exercised, and ownership form remains direct. Overall, the filing does not change cash-flow outlook, capital structure, or strategic control; therefore, I see a neutral impact.

Corporate Governance Specialist

TL;DR: Governance unchanged; 10b5-1 plan reduces signaling risk; impact neutral.

Deutsche Telekom’s board designees retain their seats, and the company’s >50% effective control stays intact. The use of a 10b5-1 plan, adopted months earlier, demonstrates compliance discipline and should mitigate market concerns about opportunistic selling. Because the aggregate sale is immaterial and disclosure is timely, there are no red flags regarding insider intent or information asymmetry. Stakeholders should view the event as routine portfolio balancing rather than a change in strategic commitment.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Newstead Jennifer

(Last) (First) (Middle)

C/O META PLATFORMS, INC.

1 META WAY

(Street)

MENLO PARK CA 94025

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Meta Platforms, Inc. [ META ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Legal Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/29/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	07/29/2025		S(1)		519	D	$719.86	25,550	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The sale reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 11, 2025.

	/s/ Erin Guldiken, attorney-in-fact for Jennifer Newstead	07/31/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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