[Form 4] Meta Platforms, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Meta Platforms, Inc. (META) Form 4 filing – 06/30/2025: CEO & Chairman Mark Zuckerberg, through the Chan Zuckerberg Initiative Foundation, sold an aggregate 13,793 Class A shares at weighted-average prices between $734.93 and $747.47, generating roughly $10 million in gross proceeds. The transactions were executed under a Rule 10b5-1 trading plan adopted on 02/01/2025.

Following the sales, the CZI Foundation still holds 16,154 Class A shares. There were no changes to Zuckerberg’s substantial indirect ownership of ~293 million Class B shares (convertible 1-for-1 into Class A) held across multiple CZI-related entities and trusts.

The trades represent a fractional reduction of Zuckerberg’s overall economic interest and voting control; therefore, the filing is viewed as routine liquidity management rather than a directional signal on Meta’s fundamentals.

Insights

Equity Analyst

TL;DR: Small, pre-planned insider sale; immaterial to META’s ownership structure.

The disposal of 13.8 k Class A shares (<≈0.005 % of Zuckerberg’s total voting power) raises negligible dilution or signaling risk. Execution under a 10b5-1 plan and through a philanthropic vehicle further diminishes concerns of opportunistic timing. Zuckerberg’s conversion-eligible Class B stack (>290 m shares) remains untouched, preserving his super-voting control. From a valuation or governance perspective, the transaction is non-impactful.

Governance Specialist

TL;DR: Routine trade; control structure and governance status quo remain.

The filing confirms continued dominance of the dual-class structure: Zuckerberg retains >50 % voting authority via Class B holdings. The modest sale via CZI Foundation aligns with previous philanthropic funding patterns and adheres to established 10b5-1 disclosure best practices. No red flags emerge regarding board oversight or insider information misuse, hence neutral governance impact.

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^*

Zuckerberg Mark

(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)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	COB and CEO

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2025

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	06/30/2025		S(1)		779	D	$735.3577(2)	29,168	I	By Chan Zuckerberg Initiative Foundation(3)
Class A Common Stock	06/30/2025		S(1)		1,298	D	$736.7723(4)	27,870	I	By Chan Zuckerberg Initiative Foundation(3)
Class A Common Stock	06/30/2025		S(1)		1,168	D	$737.648(5)	26,702	I	By Chan Zuckerberg Initiative Foundation(3)
Class A Common Stock	06/30/2025		S(1)		1,339	D	$738.709(6)	25,363	I	By Chan Zuckerberg Initiative Foundation(3)
Class A Common Stock	06/30/2025		S(1)		2,440	D	$739.9747(7)	22,923	I	By Chan Zuckerberg Initiative Foundation(3)
Class A Common Stock	06/30/2025		S(1)		2,565	D	$740.8408(8)	20,358	I	By Chan Zuckerberg Initiative Foundation(3)
Class A Common Stock	06/30/2025		S(1)		1,730	D	$741.787(9)	18,628	I	By Chan Zuckerberg Initiative Foundation(3)
Class A Common Stock	06/30/2025		S(1)		888	D	$742.8015(10)	17,740	I	By Chan Zuckerberg Initiative Foundation(3)
Class A Common Stock	06/30/2025		S(1)		948	D	$743.9799(11)	16,792	I	By Chan Zuckerberg Initiative Foundation(3)
Class A Common Stock	06/30/2025		S(1)		292	D	$745.1798(12)	16,500	I	By Chan Zuckerberg Initiative Foundation(3)
Class A Common Stock	06/30/2025		S(1)		196	D	$746.2071(13)	16,304	I	By Chan Zuckerberg Initiative Foundation(3)
Class A Common Stock	06/30/2025		S(1)		150	D	$747.4633(14)	16,154	I	By Chan Zuckerberg Initiative Foundation(3)

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
Class B Common Stock(15)	(15)							(15)	(15)	Class A Common Stock	160,156,987		160,156,987	I	By CZI Holdings, LLC(16)
Class B Common Stock(15)	(15)							(15)	(15)	Class A Common Stock	3,388,097		3,388,097	I	By Mark Zuckerberg, Trustee Of The Mark Zuckerberg Trust Dated July 7, 2006(17)
Class B Common Stock(15)	(15)							(15)	(15)	Class A Common Stock	17,061,801		17,061,801	I	By Chan Zuckerberg Holdings, LLC(18)
Class B Common Stock(15)	(15)							(15)	(15)	Class A Common Stock	12,000,000		12,000,000	I	By CZI Holdings I, LLC(19)
Class B Common Stock(15)	(15)							(15)	(15)	Class A Common Stock	50,000,000		50,000,000	I	By Chan Zuckerberg Holdings II, LLC(20)
Class B Common Stock(15)	(15)							(15)	(15)	Class A Common Stock	50,000,000		50,000,000	I	By Chan Zuckerberg Holdings III, LLC(21)
Class B Common Stock(15)	(15)							(15)	(15)	Class A Common Stock	100		100	I	CZ Management, LLC(22)
Class B Common Stock(15)	(15)							(15)	(15)	Class A Common Stock	50,000,000		50,000,000	I	By Chan Zuckerberg Holdings IV, LLC(23)

Explanation of Responses:

1. The sales reported were effected by the Chan Zuckerberg Initiative Foundation ("CZI Foundation") pursuant to the Rule 10b5-1 trading plan adopted by the reporting person on February 1, 2025.

2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $734.925 to $735.92 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. Shares held of record by CZI Foundation. The reporting person is deemed to have voting and investment power over the shares held by CZI Foundation, but has no pecuniary interest in these shares.

4. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $736.15 to $737.12 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 $737.19 to $738.18 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 $738.25 to $739.21 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 $739.37 to $740.36 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 $740.38 to $741.33 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 $741.435 to $742.38 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 $742.46 to $743.20 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. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $743.48 to $744.41 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.

12. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $744.82 to $745.53 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.

13. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $746.10 to $746.31 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.

14. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $747.46 to $747.47 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.

15. The Class B Common Stock is convertible into the issuer's Class A Common Stock on a 1-for-1 basis (a) at the holder's option or (b) upon certain transfers of such shares and has no expiration date.

16. Shares held of record by CZI Holdings, LLC ("CZI"). Mark Zuckerberg, Trustee of the Mark Zuckerberg Trust dated July 7, 2006 ("2006 Trust"), is the sole member of CZI. The reporting person is the sole trustee of the 2006 Trust and, therefore, is deemed to have sole voting and investment power over the securities held by CZI.

17. Shares held of record by Mark Zuckerberg, Trustee of the 2006 Trust.

18. Shares held of record by Chan Zuckerberg Holdings, LLC ("CZ Holdings"), which is beneficially owned by the reporting person. The reporting person is deemed to have sole voting and investment power over the securities held by CZ Holdings.

19. Shares held of record by CZI Holdings I, LLC ("CZI I"), which is beneficially owned by the reporting person. The reporting person is deemed to have sole voting and investment power over the securities held by CZI I.

20. Shares held of record by Chan Zuckerberg Holdings II, LLC ("CZ Holdings II"), which is beneficially owned by the reporting person. The reporting person is deemed to have sole voting and investment power over the securities held by CZ Holdings II.

21. Shares held of record by Chan Zuckerberg Holdings III, LLC ("CZ Holdings III"), which is beneficially owned by the reporting person. The reporting person is deemed to have sole voting and investment power over the securities held by CZ Holdings III.

22. Shares held of record by CZ Management, LLC ("CZ Management"), which is beneficially owned by the reporting person. The reporting person is deemed to have sole voting and investment power over the securities held by CZ Management.

23. Shares held of record by Chan Zuckerberg Holdings IV, LLC ("CZ Holdings IV"), which is beneficially owned by the reporting person. The reporting person is deemed to have sole voting and investment power over the securities held by CZ Holdings IV.

	/s/ Erin Guldiken, attorney-in-fact for Mark Zuckerberg	07/02/2025
	** 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

How many META shares did Mark Zuckerberg sell on 06/30/2025?

The Form 4 reports the sale of 13,793 Class A shares.

What was the average sale price of the META shares?

Weighted-average prices ranged from $734.93 to $747.47 per share.

Was the sale part of a 10b5-1 trading plan?

Yes. The transactions were executed under a Rule 10b5-1 plan adopted on 02/01/2025.

How many shares does Zuckerberg still beneficially own after the sale?

He still indirectly holds 16,154 Class A shares in the CZI Foundation and ~293 million Class B shares across various entities.

Does this transaction affect Zuckerberg's control over Meta Platforms?

No. The sold shares represent a tiny fraction of his holdings; his super-voting Class B stake remains unchanged.