Meta's Legal Chief Cashes Out Shares as Stock Trades Near All-Time Highs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Meta Platforms Chief Legal Officer Jennifer Newstead has reported a sale of 519 shares of Class A Common Stock at a price of $701.99 per share on June 17, 2025. The transaction was executed under a pre-established Rule 10b5-1 trading plan adopted on February 11, 2025.
Following the reported transaction, Newstead continues to hold 28,664 shares directly. The sale represents a relatively small portion of her total holdings, approximately 1.8% of her position. The transaction was conducted in compliance with SEC regulations, with the Form 4 filed within the required reporting timeframe.
- Transaction Value: Approximately $364,333
- Trading Plan: Executed under Rule 10b5-1 plan
- Ownership Type: Direct ownership
- Filing Status: Timely filed within SEC requirements
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 519 shares ($364,333)
Net Sell
1 txn
Insider
Newstead Jennifer
Role
Chief Legal Officer
Sold
519 shs ($364K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 519 | $701.99 | $364K |
Holdings After Transaction:
Class A Common Stock — 28,664 shares (Direct)
Footnotes (1)
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FAQ
Was META insider Jennifer Newstead's stock sale part of a 10b5-1 trading plan?
Yes, the sale was executed pursuant to a Rule 10b5-1 trading plan that Jennifer Newstead adopted on February 11, 2025.
What is Jennifer Newstead's position at META?
Jennifer Newstead serves as the Chief Legal Officer at Meta Platforms, Inc. (META).