Meta (NASDAQ: META) director Kimmitt sells 580 shares under 10b5-1 plan
Rhea-AI Filing Summary
Meta Platforms director Robert M. Kimmitt sold a small block of company stock under a pre-set trading plan. On January 15, 2026, he sold 580 shares of Meta Platforms Class A common stock at a price of $618.28 per share in an open market transaction. The filing notes that this sale was carried out under a Rule 10b5-1 trading plan that he adopted on August 15, 2025, which is a pre-arranged program designed to systematically sell shares over time. After this transaction, Kimmitt continued to beneficially own 5,587 shares of Meta Class A common stock directly.
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FAQ
What insider transaction did META director Robert M. Kimmitt report?
Robert M. Kimmitt, a director of Meta Platforms, Inc., reported the sale of 580 shares of Meta Class A common stock in an open market transaction on January 15, 2026.
At what price did Robert M. Kimmitt sell META Class A shares?
He sold the 580 Class A common shares of Meta at a price of $618.28 per share.
How many META shares does Robert M. Kimmitt own after this sale?
Following the reported transaction, Robert M. Kimmitt beneficially owned 5,587 shares of Meta Platforms Class A common stock directly.
Was the META insider sale made under a Rule 10b5-1 trading plan?
Yes. The filing states that the sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 15, 2025.
What is the relationship of Robert M. Kimmitt to Meta Platforms, Inc. (META)?
Robert M. Kimmitt is identified as a director of Meta Platforms, Inc. in the insider ownership report.
Is the reported META stock transaction held directly or indirectly?
The report shows the direct ownership of the shares (marked as "D"), with no indirect ownership entity listed for this transaction.