STOCK TITAN

Meta CL‑Officer Newstead executes 10b5-1 sale of 519 shares at $767.16

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Jennifer Newstead, Chief Legal Officer at Meta Platforms, Inc. (META), reported a sale of 519 shares of Class A common stock on 09/16/2025 at a price of $767.16 per share under a Rule 10b5-1 trading plan adopted on 02/11/2025. After the sale she beneficially owned 30,870 shares, reported as direct ownership. The Form 4 was signed by an attorney-in-fact on 09/18/2025. The filing discloses a routine, preplanned insider sale rather than an open-market discretionary transaction.

Positive

  • Sale executed under a Rule 10b5-1 trading plan (adopted 02/11/2025), which provides preclearance and reduces information asymmetry
  • Reporting person retains a substantial direct stake of 30,870 Class A shares after the transaction

Negative

  • Insider sale occurred of 519 Class A shares on 09/16/2025, which may be viewed by some investors as insider liquidity
  • Form was signed by an attorney-in-fact rather than the reporting person, which may prompt follow-up for verification though it is permitted

Insights

Insider executed a small, preplanned sale under a 10b5-1 plan; remaining stake remains material.

The transaction is a sale of 519 Class A shares at $767.16 per share, representing roughly 1.7% of the reported post-sale holding of 30,870 shares. Because it was executed pursuant to a 10b5-1 trading plan adopted on 02/11/2025, this reduces the information asymmetry around timing. The remaining direct ownership indicates continued alignment with shareholder interests, while the sale size is limited relative to total holdings and is unlikely to be materially dilutive or signal a change in insider conviction on its own.

Preplanned sale reduces governance concern but underscores routine insider liquidity.

The Form 4 confirms the sale was effected under a Rule 10b5-1 plan, which is standard practice to avoid allegations of trading on nonpublic information. The report was signed by an attorney-in-fact on 09/18/2025. While such plans are governance-appropriate, investors often scrutinize the frequency and size of plan-based sales; this single small sale does not by itself raise material governance red flags.

Insider Newstead Jennifer
Role Chief Legal Officer
Sold 519 shs ($398K)
Type Security Shares Price Value
Sale Class A Common Stock 519 $767.16 $398K
Holdings After Transaction: Class A Common Stock — 30,870 shares (Direct)
Footnotes (1)
  1. [object Object]
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).
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)
09/16/2025
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 09/16/2025 S(1) 519 D $767.16 30,870 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 09/18/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did META insider Jennifer Newstead sell according to the Form 4?

She sold 519 shares of Class A common stock on 09/16/2025 at a price of $767.16 per share.

How many META shares does Jennifer Newstead own after the reported sale?

She beneficially owned 30,870 shares of Class A common stock following the transaction.

Was the sale part of a trading plan for META insider Jennifer Newstead?

Yes; the sale was effected pursuant to a Rule 10b5-1 trading plan adopted on 02/11/2025.

When was the Form 4 for Jennifer Newstead signed and filed?

The signature by an attorney-in-fact is dated 09/18/2025, two days after the transaction date of 09/16/2025.

What is Jennifer Newstead's role at META listed on the Form 4?

She is identified as Chief Legal Officer and the filing indicates she is an officer of the company.
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