Meta (META) COO Javier Olivan sells 3,262 shares under 10b5-1 plan
Rhea-AI Filing Summary
Meta Platforms chief operating officer Javier Olivan reported mixed equity transactions, led by net insider sales of 3,262 shares of Class A common stock. The sales occurred on February 15 and 17, 2026 at prices around $639 per share, including trades through entities such as Olivan D LLC and the Olivan Reinhold Family Revocable Trust.
Olivan also acquired Class A shares via the vesting and conversion of multiple tranches of restricted stock units, with RSUs vesting quarterly in 1/16 increments beginning on May 15 of 2022, 2023, 2024, and 2025. Additional shares were withheld by Meta to cover income tax obligations related to these RSU settlements, and those withheld amounts were not open-market sales. Certain open-market sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on November 17, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 172 | $639.18 | $110K |
| Sale | Class A Common Stock | 82 | $639.18 | $52K |
| Sale | Class A Common Stock | 57 | $639.18 | $36K |
| Sale | Class A Common Stock | 82 | $639.18 | $52K |
| Sale | Class A Common Stock | 408 | $639.18 | $261K |
| Conversion | Restricted Stock Units (RSU) (Class A) | 5,471 | $0.00 | -- |
| Exercise | Restricted Stock Units (RSU) (Class A) | 6,791 | $0.00 | -- |
| Exercise | Restricted Stock Units (RSU) (Class A) | 2,680 | $0.00 | -- |
| Exercise | Restricted Stock Units (RSU) (Class A) | 1,961 | $0.00 | -- |
| Conversion | Class A Common Stock | 5,471 | $0.00 | -- |
| Sale | Class A Common Stock | 2,461 | $639.77 | $1.57M |
| Exercise | Class A Common Stock | 6,791 | $0.00 | -- |
| Exercise | Class A Common Stock | 2,680 | $0.00 | -- |
| Exercise | Class A Common Stock | 1,961 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 5,403 | $639.77 | $3.46M |
Footnotes (1)
- Represents the number of shares of Class A Common Stock that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the Restricted Stock Units ("RSUs") and does not represent an open market sale. Represents the number of shares of Class A Common Stock that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the RSUs and does not represent a sale. 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. Each RSU represents a contingent right to receive 1 share of the Issuer's Class A Common Stock upon settlement. The RSUs vest quarterly as to 1/16th of the total RSUs, beginning on May 15, 2022, subject to continued service through each vesting date. The RSUs vest quarterly as to 1/16th of the total RSUs, beginning on May 15, 2023, subject to continued service through each vesting date. The RSUs vest quarterly as to 1/16th of the total RSUs, beginning on May 15, 2024, subject to continued service through each vesting date. The RSUs vest quarterly as to 1/16th of the total RSUs, beginning on May 15, 2025, subject to continued service through each vesting date.