Meta (NASDAQ: META) CFO-linked trust sells 55,702 shares in 10b5-1 plan

Rhea-AI Filing Summary

Meta Platforms, Inc. Chief Financial Officer Susan Li reported that the Li-Hegeman Living Trust, for which she and John Hegeman serve as co-trustees, sold a total of 55,702 shares of Class A common stock on February 24, 2026 in open-market transactions under a pre-arranged Rule 10b5-1 trading plan adopted on November 25, 2025. The reported weighted average sale prices ranged from $629.53 to $638.46 per share. Following these sales, the trust held 13,186 shares, and the Li-Hegeman Family Foundation held 56,571 shares over which Li is deemed to have voting and investment power but no pecuniary interest.

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^*

LI SUSAN J

(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 Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/24/2026

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	02/24/2026		S(1)		2,766	D	$630.309	66,122(2)	I	Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock	02/24/2026		S(1)		11,252	D	$631.0046	54,870(3)	I	Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock	02/24/2026		S(1)		10,436	D	$631.9422	44,434(4)	I	Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock	02/24/2026		S(1)		4,948	D	$633.0255	39,486(5)	I	Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock	02/24/2026		S(1)		4,141	D	$634.1031	35,345(6)	I	Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock	02/24/2026		S(1)		8,138	D	$635.0597	27,207(7)	I	Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock	02/24/2026		S(1)		5,182	D	$635.8868	22,025(8)	I	Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock	02/24/2026		S(1)		7,439	D	$637.2223	14,586(9)	I	Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock	02/24/2026		S(1)		1,400	D	$637.9421	13,186(10)	I	Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock								56,571	I	Li-Hegeman Family Foundation(11)

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 sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 25, 2025.

2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $629.53 to $630.525 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.

3. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $630.53 to $631.52 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.

4. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $631.53 to $632.525 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 $632.535 to $633.52 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 $633.54 to $634.52 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 $634.54 to $635.535 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 $635.54 to $636.52 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 $636.65 to $637.615 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 $637.68 to $638.46 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.

11. Shares held of record by the Li-Hegeman Family Foundation (the "Foundation"). The reporting person is deemed to have voting and investment power over the shares held by the Foundation, but has no pecuniary interest in these shares.

	/s/ Erin Guldiken, attorney-in-fact for Susan J. Li	02/26/2026
	** 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 (META) CFO Susan Li report in this Form 4 filing?

Meta CFO Susan Li reported multiple open-market sales of Class A common stock by the Li-Hegeman Living Trust. On February 24, 2026, the trust sold 55,702 shares under a pre-arranged Rule 10b5-1 trading plan adopted on November 25, 2025, at weighted average prices around $630–$638.

How many Meta (META) shares did the Li-Hegeman Living Trust sell?

The Li-Hegeman Living Trust sold 55,702 Meta Class A shares. These transactions occurred on February 24, 2026, through a series of open-market sales at weighted average prices disclosed in ranges, as detailed in the filing’s footnotes, all executed under a Rule 10b5-1 trading plan.

At what prices were the Meta (META) shares sold in Susan Li’s reported trades?

The reported Meta share sales occurred at weighted average prices within specified ranges. According to the footnotes, prices spanned from $629.53 to $638.46 per share across multiple transaction buckets, with the holder able to provide detailed breakdowns upon written request.

What Meta (META) share holdings remain after the Li-Hegeman Trust’s sales?

After the reported sales, the Li-Hegeman Living Trust held 13,186 Meta Class A shares. Separately, the Li-Hegeman Family Foundation held 56,571 shares, over which Susan Li is deemed to have voting and investment power but no pecuniary interest, according to the filing’s footnote disclosure.

Was Susan Li’s Meta (META) stock sale part of a 10b5-1 trading plan?

Yes. The sales reported for the Li-Hegeman Living Trust were executed under a Rule 10b5-1 trading plan. The plan was adopted by the reporting person on November 25, 2025, and the disclosed open-market sales took place on February 24, 2026, consistent with that arrangement.

Who actually holds the Meta (META) shares involved in Susan Li’s Form 4?

The sold shares were held by the Li-Hegeman Living Trust, where Susan Li and John Hegeman are co-trustees. Additional shares are held by the Li-Hegeman Family Foundation, for which Li is deemed to have voting and investment power but no pecuniary interest, as described in the footnotes.