Meta COO Olivan sells 1,466 shares in plan
Meta Platforms, Inc. Chief Operating Officer Javier Olivan reported a mix of stock sales, RSU vesting, and tax withholding transactions.
Rhea-AI Filing Summary
Meta Platforms, Inc. Chief Operating Officer Javier Olivan reported a mix of stock sales, RSU vesting, and tax withholding transactions. On May 18, 2026, entities associated with him sold a total of 1,466 Class A shares in open‑market trades at $609.35 per share under a Rule 10b5-1 trading plan.
Following these sales, direct holdings stood at 14,660 Class A shares, with additional indirect holdings through family trusts and LLCs. On May 15, 2026, Olivan exercised RSUs covering 16,388 shares of Class A stock, while 7,744 shares were withheld by Meta to cover income tax obligations, which the company notes does not represent a sale.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
14 txns
Insider
Olivan Javier
Role
Chief Operating Officer
Sold
1,466 shs ($893K)
Approx. gross sale proceeds
$893K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 837 | $609.35 | $510K |
| Sale | Class A Common Stock | 82 | $609.35 | $50K |
| Sale | Class A Common Stock | 57 | $609.35 | $35K |
| Sale | Class A Common Stock | 82 | $609.35 | $50K |
| Sale | Class A Common Stock | 408 | $609.35 | $249K |
| 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) | 1,961 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units (RSU) (Class A) | 4,957 | $0.00 | $0.00 |
| 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 | 1,961 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 4,957 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 7,744 | $618.43 | $4.79M |
Holdings After Transaction:
Restricted Stock Units (RSU) (Class A) — 135,063 contracts (Direct);
Class A Common Stock — 14,660 shares (Direct);
Class A Common Stock — 7,474 shares (Indirect, By Olivan D LLC);
Class A Common Stock — 2,201 shares (Indirect, By Olivan Reinhold D LLC);
Class A Common Stock — 7,474 shares (Indirect, By Reinhold D LLC);
Class A Common Stock — 84,781 shares (Indirect, By Olivan Reinhold Family Revocable Trust u/a/d 10/16/12)
Footnotes (11)
- 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 Restricted Stock Units ("RSUs") and does not represent a sale.
- F2. The sale reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 17, 2025.
- F3. Shares held of record by the reporting person, manager of Olivan D LLC.
- F4. Shares held of record by the reporting person and his spouse, managers of Olivan Reinhold D LLC.
- F5. Shares held of record by the reporting person's spouse, manager of Reinhold D LLC.
- F6. Shares held of record by the reporting person and his spouse, Co-Trustees of the Olivan Reinhold Family Revocable Trust u/a/d 10/16/12.
- F7. Each RSU represents a contingent right to receive 1 share of the Issuer's Class A Common Stock upon settlement.
- F8. 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.
- F9. 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.
- F10. 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.
- F11. 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
Open-market sales: 1,466 shares at $609.35
Direct holdings after trades: 14,660 shares
Family trust holdings: 84,781 shares
+5 more
8 metrics
Open-market sales
1,466 shares at $609.35
Aggregate Class A sales on May 18, 2026 under Rule 10b5-1 plan
Direct holdings after trades
14,660 shares
Meta Class A shares directly held after May 18, 2026 sales
Family trust holdings
84,781 shares
Class A shares held by Olivan Reinhold Family Revocable Trust after sale
Reinhold D LLC holdings
7,474 shares
Class A shares held by Reinhold D LLC after sale
Olivan Reinhold D LLC holdings
2,201 shares
Class A shares held by Olivan Reinhold D LLC after sale
RSU conversions
16,388 shares
Total Class A shares received from RSU exercises on May 15, 2026
Tax withholding shares
7,744 shares at $618.43
Shares withheld by Meta to cover income tax on May 15, 2026
RSU price / exercise price
$0.00 per share
Stated conversion or exercise price for RSU-related transactions
Key Terms
Rule 10b5-1 trading plan, Restricted Stock Units (RSU), tax-withholding disposition, derivative exercise/conversion, +1 more
5 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 17, 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 (RSU) financial
"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 Restricted Stock Units ("RSUs") and does not represent a sale."
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"Exercise or conversion of derivative security"
Class A Common Stock financial
"Each RSU represents a contingent right to receive 1 share of the Issuer's Class A Common Stock upon settlement."
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did META COO Javier Olivan report on this Form 4?
Javier Olivan reported open-market sales, RSU vesting, and tax withholding. Entities associated with him sold 1,466 Meta Class A shares at $609.35. He also settled 16,388 RSUs into shares, with 7,744 shares withheld by Meta for income tax obligations.
What happened with Javier Olivan’s Meta (META) RSUs on May 15, 2026?
On May 15, 2026, multiple tranches of Restricted Stock Units converted into 16,388 Meta Class A shares. Meta withheld 7,744 shares to satisfy income tax withholding obligations. The Form 4 notes this tax withholding is not considered a sale of shares by Olivan.
How do Javier Olivan’s Meta (META) RSUs vest over time?
The RSUs vest quarterly in equal installments of 1/16th of each grant. Different RSU awards begin vesting on May 15 of 2023, 2024, 2025, and 2026, respectively, and each requires continued service through the applicable quarterly vesting dates to receive the underlying shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
