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

Meta Platforms Chief Financial Officer Susan Li, through The Li-Hegeman Living Trust she co‑trustees, reported multiple transactions in Class A Common Stock.

Filing Impact
(Very High)
Filing Sentiment
(Very Negative)
Form Type
4

Rhea-AI Filing Summary

Meta Platforms Chief Financial Officer Susan Li, through The Li-Hegeman Living Trust she co‑trustees, reported multiple transactions in Class A Common Stock. The trust sold 11,322 shares in open‑market trades on May 15 and May 18, 2026 at weighted‑average prices generally between about $604 and $611 per share, under a pre‑arranged Rule 10b5‑1 trading plan.

On May 15, 2026, Li also had 18,243 Restricted Stock Units (RSUs) convert into Class A shares, while 6,921 shares were withheld by Meta to cover income tax obligations, which the filing notes were not open‑market sales. The RSUs continue to vest quarterly over several years, indicating ongoing equity‑based compensation.

Positive

  • None.

Negative

  • None.
Insider LI SUSAN J
Role Chief Financial Officer
Sold 11,322 shs ($6.90M)
Approx. gross sale proceeds $6.90M
Approx. exercise cost $0.00
Type Security Shares Price Value
Sale Class A Common Stock 526 $604.6299 $318K
Sale Class A Common Stock 1,236 $605.882 $749K
Sale Class A Common Stock 2,050 $607.0304 $1.24M
Sale Class A Common Stock 1,809 $607.8702 $1.10M
Sale Class A Common Stock 2,344 $609.1468 $1.43M
Sale Class A Common Stock 1,148 $609.9334 $700K
Sale Class A Common Stock 82 $611.3923 $50K
Conversion Restricted Stock Units (RSU) (Class A) 2,399 $0.00 $0.00
Conversion Restricted Stock Units (RSU) (Class A) 1,888 $0.00 $0.00
Exercise Restricted Stock Units (RSU) (Class A) 6,791 $0.00 $0.00
Exercise Restricted Stock Units (RSU) (Class A) 2,679 $0.00 $0.00
Exercise Restricted Stock Units (RSU) (Class A) 1,782 $0.00 $0.00
Exercise Restricted Stock Units (RSU) (Class A) 2,704 $0.00 $0.00
Conversion Class A Common Stock 2,399 $0.00 $0.00
Conversion Class A Common Stock 1,888 $0.00 $0.00
Sale Class A Common Stock 2,127 $618.43 $1.32M
Exercise Class A Common Stock 6,791 $0.00 $0.00
Exercise Class A Common Stock 2,679 $0.00 $0.00
Exercise Class A Common Stock 1,782 $0.00 $0.00
Exercise Class A Common Stock 2,704 $0.00 $0.00
Exercise Price or Tax Liability Class A Common Stock 6,921 $618.43 $4.28M
Holdings After Transaction: Restricted Stock Units (RSU) (Class A) — 132,578 contracts (Direct); Class A Common Stock — 13,186 shares (Indirect, Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012)
Footnotes (17)
  1. F1. Represents the number of shares of Class A Common Stock that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the Reporting Person's Restricted Stock Units ("RSUs") and does not represent an open market sale.
  2. F2. Represents the number of shares of Class A Common Stock that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the Reporting Person's RSUs and does not represent a sale.
  3. F3. The sale reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 25, 2025.
  4. F4. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $604.05 to $605.02 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.
  5. F5. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $605.47 to $606.39 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.
  6. F6. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $606.50 to $607.46 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.
  7. F7. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $607.50 to $608.41 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.
  8. F8. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $608.50 to $609.49 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.
  9. F9. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $609.53 to $610.31 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.
  10. F10. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $610.94 to $611.88 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.
  11. F11. Each RSU represents a contingent right to receive 1 share of the Issuer's Class A Common Stock upon settlement.
  12. F12. The RSUs vest quarterly as to 1/20th of the total RSUs, beginning on February 15, 2023, subject to continued service through each vesting date.
  13. F13. The RSUs vest quarterly as to 1/20th of the total RSUs, beginning on February 15, 2024, subject to continued service through each vesting date.
  14. F14. The RSUs vest quarterly as to 1/16th of the total RSUs, beginning on May 15, 2023, subject to continued service through each vesting date.
  15. F15. The RSUs vest quarterly as to 1/16th of the total RSUs, beginning on May 15, 2024, subject to continued service through each vesting date.
  16. F16. The RSUs vest quarterly as to 1/16th of the total RSUs, beginning on May 15, 2025, subject to continued service through each vesting date.
  17. F17. The RSUs vest quarterly as to 1/16th of the total RSUs, beginning on May 15, 2026, subject to continued service through each vesting date.
Shares sold in open market 11,322 shares Class A Common Stock sales by co‑trustee on May 15–18, 2026
RSUs converted to shares 18,243 shares Restricted Stock Units converting to Class A Common Stock on May 15, 2026
Shares withheld for taxes 6,921 shares Class A shares withheld to satisfy income tax obligations on RSU vesting
Weighted-average sale price (tax-withholding related sale) $618.43/share Open‑market sale price for 2,127 shares on May 15, 2026
Lowest reported weighted-average sale price $604.63/share One tranche of Class A Common Stock sold on May 18, 2026
RSU balance after one grant 40,563 RSUs Restricted Stock Units (Class A) remaining after a May 15, 2026 conversion
Rule 10b5-1 trading plan financial
"The sale reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 25, 2025."
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.
Restricted Stock Units (RSUs) financial
"Represents the number of shares...withheld...in connection with the net settlement of the Reporting Person's Restricted Stock Units ("RSUs")."
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
net settlement financial
"withheld by the Issuer to satisfy its income tax withholding...in connection with the net settlement of the Reporting Person's RSUs"
weighted average price financial
"The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging..."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
income tax withholding financial
"withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the Reporting Person's RSUs"
vesting financial
"The RSUs vest quarterly as to 1/20th of the total RSUs, beginning on February 15, 2023, subject to continued service through each vesting date."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4
FORM 4UNITED 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*
LI SUSAN J
(Last)(First)(Middle)
C/O META PLATFORMS, INC.
1 META WAY
(Street)
MENLO PARK CALIFORNIA 94025
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Meta Platforms, Inc. [ META ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Financial Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Class A Common Stock05/15/2026C2,399A$015,585ISusan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock05/15/2026C1,888A$017,473ISusan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock05/15/2026S2,127(1)D$618.4315,346ISusan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock05/15/2026M6,791A$022,137ISusan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock05/15/2026M2,679A$024,816ISusan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock05/15/2026M1,782A$026,598ISusan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock05/15/2026M2,704A$029,302ISusan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock05/15/2026F6,921(2)D$618.4322,381ISusan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock05/18/2026S(3)526D$604.6299(4)21,855ISusan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock05/18/2026S(3)1,236D$605.882(5)20,619ISusan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock05/18/2026S(3)2,050D$607.0304(6)18,569ISusan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock05/18/2026S(3)1,809D$607.8702(7)16,760ISusan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock05/18/2026S(3)2,344D$609.1468(8)14,416ISusan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock05/18/2026S(3)1,148D$609.9334(9)13,268ISusan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock05/18/2026S(3)82D$611.3923(10)13,186ISusan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units (RSU) (Class A)(11)05/15/2026C2,399 (12) (12)Class A Common Stock2,399$014,397D
Restricted Stock Units (RSU) (Class A)(11)05/15/2026C1,888 (13) (13)Class A Common Stock1,888$018,882D
Restricted Stock Units (RSU) (Class A)(11)05/15/2026M6,791 (14) (14)Class A Common Stock6,791$020,373D
Restricted Stock Units (RSU) (Class A)(11)05/15/2026M2,679 (15) (15)Class A Common Stock2,679$018,756D
Restricted Stock Units (RSU) (Class A)(11)05/15/2026M1,782 (16) (16)Class A Common Stock1,782$019,607D
Restricted Stock Units (RSU) (Class A)(11)05/15/2026M2,704 (17) (17)Class A Common Stock2,704$040,563D
Explanation of Responses:
1. Represents the number of shares of Class A Common Stock that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the Reporting Person's Restricted Stock Units ("RSUs") and does not represent an open market sale.
2. Represents the number of shares of Class A Common Stock that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the Reporting Person's RSUs and does not represent a sale.
3. The sale reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 25, 2025.
4. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $604.05 to $605.02 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.
5. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $605.47 to $606.39 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.
6. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $606.50 to $607.46 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.
7. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $607.50 to $608.41 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.
8. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $608.50 to $609.49 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.
9. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $609.53 to $610.31 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.
10. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $610.94 to $611.88 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.
11. Each RSU represents a contingent right to receive 1 share of the Issuer's Class A Common Stock upon settlement.
12. The RSUs vest quarterly as to 1/20th of the total RSUs, beginning on February 15, 2023, subject to continued service through each vesting date.
13. The RSUs vest quarterly as to 1/20th of the total RSUs, beginning on February 15, 2024, subject to continued service through each vesting date.
14. The RSUs vest quarterly as to 1/16th of the total RSUs, beginning on May 15, 2023, subject to continued service through each vesting date.
15. The RSUs vest quarterly as to 1/16th of the total RSUs, beginning on May 15, 2024, subject to continued service through each vesting date.
16. The RSUs vest quarterly as to 1/16th of the total RSUs, beginning on May 15, 2025, subject to continued service through each vesting date.
17. The RSUs vest quarterly as to 1/16th of the total RSUs, beginning on May 15, 2026, subject to continued service through each vesting date.
/s/ Erin Guldiken, attorney-in-fact for Susan J. Li05/19/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

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