Were Javier Olivan’s META share sales made under a Rule 10b5-1 plan?

Yes. The filing states the sales were effected under a Rule 10b5-1 trading plan. That plan was adopted on November 17, 2025, indicating the transactions were pre-scheduled rather than timed discretionarily around short-term market movements.

COO Javier Olivan sells 1,555 Meta (NASDAQ: META) shares in plan

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Meta Platforms Chief Operating Officer Javier Olivan reported open-market sales of a total of 1,555 shares of Class A Common Stock on May 4, 2026 at $607.74 per share. The trades were executed through direct holdings and entities including Olivan D LLC, Olivan Reinhold D LLC, Reinhold D LLC, and the Olivan Reinhold Family Revocable Trust.

After the transactions, he held 7,779 shares directly, 85,597 shares through the family revocable trust, 7,638 shares through Reinhold D LLC, and 2,315 shares through Olivan Reinhold D LLC. The filing notes the sales were carried out under a Rule 10b5-1 trading plan adopted on November 17, 2025.

Insider Trade Summary 10b5-1

Net Seller: 1,555 shares ($945,036)

Net Sell 5 txns

Insider Olivan Javier

Role Chief Operating Officer

Sold 1,555 shs ($945K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	926	$607.74	$563K
Sale	Class A Common Stock	82	$607.74	$50K
Sale	Class A Common Stock	57	$607.74	$35K
Sale	Class A Common Stock	82	$607.74	$50K
Sale	Class A Common Stock	408	$607.74	$248K

Holdings After Transaction: Class A Common Stock — 7,779 shares (Direct, null); Class A Common Stock — 7,638 shares (Indirect, By Olivan D LLC)

Footnotes (1)

The sale reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 17, 2025. Shares held of record by the reporting person, manager of Olivan D LLC. Shares held of record by the reporting person and his spouse, managers of Olivan Reinhold D LLC. Shares held of record by the reporting person's spouse, manager of Reinhold D LLC. 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.

Key Figures

Shares sold: 1,555 shares Sale price: $607.74 per share Direct holdings after sale: 7,779 shares +1 more

4 metrics

Shares sold 1,555 shares Total Meta Class A shares sold in open-market transactions on May 4, 2026

Sale price $607.74 per share Price for each reported open-market sale on May 4, 2026

Direct holdings after sale 7,779 shares Direct Meta Class A Common Stock position following the reported transactions

Trust holdings after sale 85,597 shares Indirect Meta Class A holdings via Olivan Reinhold Family Revocable Trust after the transactions

Key Terms

Rule 10b5-1 trading plan, open-market sale, Class A Common Stock

3 terms

Rule 10b5-1 trading plan regulatory

"The sale reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person"

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.

open-market sale financial

"transaction_action: open-market sale of Class A Common Stock at $607.74 per share"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Class A Common Stock financial

"Transactions involved Meta Platforms, Inc. Class A Common Stock in non-derivative form"

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.

Form 4 Insider Transactions: What Each Field Means →

05/06/2026 - 06:48 PM

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).

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^*

Olivan Javier

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Operating Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/04/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	05/04/2026		S⁽¹⁾		926	D	$607.74	7,779	D
Class A Common Stock	05/04/2026		S⁽¹⁾		82	D	$607.74	7,638	I	By Olivan D LLC⁽²⁾
Class A Common Stock	05/04/2026		S⁽¹⁾		57	D	$607.74	2,315	I	By Olivan Reinhold D LLC⁽³⁾
Class A Common Stock	05/04/2026		S⁽¹⁾		82	D	$607.74	7,638	I	By Reinhold D LLC⁽⁴⁾
Class A Common Stock	05/04/2026		S⁽¹⁾		408	D	$607.74	85,597	I	By Olivan Reinhold Family Revocable Trust u/a/d 10/16/12⁽⁵⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The sale reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 17, 2025.

2. Shares held of record by the reporting person, manager of Olivan D LLC.

3. Shares held of record by the reporting person and his spouse, managers of Olivan Reinhold D LLC.

4. Shares held of record by the reporting person's spouse, manager of Reinhold D LLC.

5. 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.

	/s/ Erin Guldiken, attorney-in-fact for Javier Olivan	05/06/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did META COO Javier Olivan report?

Javier Olivan reported selling 1,555 shares of Meta Class A Common Stock. The sales occurred on May 4, 2026 at a price of $607.74 per share and were disclosed as open-market transactions in a Form 4 filing.

How many META shares did Javier Olivan hold directly after the sales?

After the reported sales, Javier Olivan held 7,779 shares of Meta Class A Common Stock directly. This figure reflects his remaining direct ownership position as of the May 4, 2026 transactions disclosed in the Form 4.

What indirect META holdings are associated with Javier Olivan after the Form 4?

Following the transactions, indirect holdings included 85,597 shares via the Olivan Reinhold Family Revocable Trust, 7,638 shares via Reinhold D LLC, and 2,315 shares via Olivan Reinhold D LLC. These entities are described as being managed by Olivan and/or his spouse.

At what price were the reported META shares sold by entities tied to Javier Olivan?

All reported sales were executed at $607.74 per share. The transactions involved Meta Class A Common Stock and were categorized as open-market sales, according to the Form 4 transaction details for May 4, 2026.