[Form 4] Meta Platforms, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
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 Trade Summary 10b5-1
Net Seller: 11,322 shares ($6,904,533)
Net Sell
21 txns
Insider
LI SUSAN J
Role
Chief Financial Officer
Sold
11,322 shs ($6.90M)
| 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 | -- |
| Conversion | Restricted Stock Units (RSU) (Class A) | 1,888 | $0.00 | -- |
| Exercise | Restricted Stock Units (RSU) (Class A) | 6,791 | $0.00 | -- |
| Exercise | Restricted Stock Units (RSU) (Class A) | 2,679 | $0.00 | -- |
| Exercise | Restricted Stock Units (RSU) (Class A) | 1,782 | $0.00 | -- |
| Exercise | Restricted Stock Units (RSU) (Class A) | 2,704 | $0.00 | -- |
| Conversion | Class A Common Stock | 2,399 | $0.00 | -- |
| Conversion | Class A Common Stock | 1,888 | $0.00 | -- |
| Sale | Class A Common Stock | 2,127 | $618.43 | $1.32M |
| Exercise | Class A Common Stock | 6,791 | $0.00 | -- |
| Exercise | Class A Common Stock | 2,679 | $0.00 | -- |
| Exercise | Class A Common Stock | 1,782 | $0.00 | -- |
| Exercise | Class A Common Stock | 2,704 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 6,921 | $618.43 | $4.28M |
Holdings After Transaction:
Class A Common Stock — 21,855 shares (Indirect, Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012);
Restricted Stock Units (RSU) (Class A) — 14,397 shares (Direct, null)
Footnotes (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. 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. The sale reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 25, 2025. 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. 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. 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. 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. 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. 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. 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. Each RSU represents a contingent right to receive 1 share of the Issuer's Class A Common Stock upon settlement. 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. 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. 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. 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. 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. 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.
Key Figures
Shares sold in open market: 11,322 shares
RSUs converted to shares: 18,243 shares
Shares withheld for taxes: 6,921 shares
+3 more
6 metrics
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
Key Terms
Rule 10b5-1 trading plan, Restricted Stock Units (RSUs), net settlement, weighted average price, +2 more
6 terms
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.
