Meta (NASDAQ: META) CFO-linked trust sells 18,789 shares at $650

Rhea-AI Filing Summary

Meta Platforms Chief Financial Officer Susan Li, through an entity associated with her, reported an open-market sale of 18,789 shares of Meta Class A common stock at $650 per share on February 20, 2026. The transaction was carried out under a pre-established Rule 10b5-1 trading plan adopted on February 12, 2025, which automates sales according to preset instructions. After this sale, the trust associated with Li reported holding 68,888 shares, and the Li-Hegeman Family Foundation reported holding 56,571 shares, over which Li is deemed to have voting and investment power but no pecuniary interest.

Insider Trade Summary

Net Seller: 18,789 shares ($12,212,850)

Net Sell 2 txns

Insider LI SUSAN J

Role Chief Financial Officer

Sold 18,789 shs ($12.21M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	18,789	$650.00	$12.21M
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 68,888 shares (Indirect, Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012)

Footnotes (1)

1. The sale reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 12, 2025. 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.

Form 4 Insider Transactions: What Each Field Means →

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)
02/20/2026

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	02/20/2026		S(1)		18,789	D	$650	68,888	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(2)

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 sale reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 12, 2025.

2. 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	02/24/2026
	** 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 insider transaction did Meta (META) report for CFO Susan Li?

Meta reported that an entity associated with CFO Susan Li sold 18,789 shares of Class A common stock at $650 per share on February 20, 2026. The sale was an open-market transaction executed under a Rule 10b5-1 trading plan.

Was Susan Li’s Meta (META) stock sale pre-planned under Rule 10b5-1?

Yes. The filing states the sale was effected pursuant to a Rule 10b5-1 trading plan adopted on February 12, 2025. Such plans allow insiders to schedule trades in advance, helping separate personal trading decisions from later market-sensitive information.

How many Meta (META) shares remain in the Li-Hegeman trust after the sale?

Following the reported transaction, the trust associated with Susan Li held 68,888 shares of Meta Class A common stock. These shares are reported as indirectly owned through The Li-Hegeman Living Trust, where Li and John Hegeman serve as co-trustees.

What is the Li-Hegeman Family Foundation’s Meta (META) share position?

The filing shows the Li-Hegeman Family Foundation holding 56,571 shares of Meta Class A common stock. Susan Li is deemed to have voting and investment power over these shares but has no pecuniary interest in them, meaning she does not benefit economically.

Does the Meta (META) filing show any insider purchases by Susan Li?

No insider purchases are reported for Susan Li in this filing. The transaction summary lists one sale totaling 18,789 shares and no buy or acquisition transactions, resulting in a net-sell share direction for this Form 4 report.