Insider filing: META’s Javier Olivan offloads small stake via pre-set plan

Rhea-AI Filing Summary

The Form 4 discloses that Javier Olivan, Chief Operating Officer of Meta Platforms, Inc. (META), executed a small insider sale on 16 June 2025. Under a pre-arranged Rule 10b5-1 trading plan adopted on 17 Aug 2024, Olivan disposed of 517 Class A common shares at $699.27 per share, generating roughly $0.36 million in gross proceeds.

Following the sale, Olivan’s direct ownership declined to 8,887 shares. He continues to hold additional ~110 k shares indirectly through multiple family-controlled LLCs and a revocable trust, maintaining substantial equity exposure to Meta’s long-term performance.

The transaction is routine in scale and structure: 1) it represents less than 1 % of Olivan’s total reported holdings, 2) was conducted via a 10b5-1 plan, and 3) does not alter his role or control status. Consequently, the filing is unlikely to be materially market-moving but does provide transparency into executive trading activity.

Positive

• Sale executed under a disclosed Rule 10b5-1 plan, reducing perceptions of opportunistic trading.
• Executive still holds more than 110 k META shares, signaling continued alignment with shareholder interests.

Negative

• Insider selling can be interpreted as weak confidence, despite the small size and pre-planned nature.

Insights

Securities Analyst

TL;DR – Minor, pre-planned COO sale; negligible impact on META valuation.

At ~517 shares, the disposal equates to roughly US$0.36 m—immaterial against Meta’s >US$1.1 tn market cap and the executive’s >100 k-share stake. The 10b5-1 framework mitigates concerns about informational timing. Investors typically discount such small, scheduled sales; therefore, the filing is neutral for the stock’s risk-reward profile.

Corporate Governance Expert

TL;DR – Governance-friendly transparency; no red flags detected.

The advance adoption of a 10b5-1 plan illustrates compliance with updated SEC affirmative-defense rules, limiting litigation exposure. Olivan’s retained ownership preserves alignment with shareholders. No change in control, no pledging, and no related-party complications are indicated, keeping governance risk unchanged.

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^*

Olivan Javier

(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 Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
06/16/2025

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	06/16/2025		S(1)		517	D	$699.27	8,887	D
Class A Common Stock								8,622	I	By Olivan D LLC(2)
Class A Common Stock								2,999	I	By Olivan Reinhold D LLC(3)
Class A Common Stock								8,622	I	By Reinhold D LLC(4)
Class A Common Stock								90,493	I	By Olivan Reinhold Family Revocable Trust u/a/d 10/16/12(5)

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 August 17, 2024.

2. Shares held of record by the reporting person, manager of Olivan D LLC.

3. Shares held of record by the reporting person and his spouse, managers of Olivan Reinhold D LLC.

4. Shares held of record by the reporting person's spouse, manager of Reinhold D LLC.

5. 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.

	/s/ Erin Guldiken, attorney-in-fact for Javier Olivan	06/18/2025
	** 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 COO Javier Olivan sell on 16 June 2025?

He sold 517 Class A common shares according to the Form 4.

At what price were the META shares sold?

The reported sale price was $699.27 per share.

What is Javier Olivan’s remaining direct ownership after the transaction?

He now directly owns 8,887 META shares.

Was the transaction conducted under a 10b5-1 trading plan?

Yes. The filing states it was pursuant to a Rule 10b5-1 plan adopted on 17 Aug 2024.

Does the sale materially affect Meta Platforms’ insider ownership structure?

No. The sale represents less than 1 % of Olivan’s reported holdings and does not change his officer status.