Meta COO Olivan Reports 517-Share Sale via 10b5-1 Plan; Significant Indirect Holdings Remain

Rhea-AI Filing Summary

Javier Olivan, Chief Operating Officer of Meta Platforms, Inc. (META), reported a sale of 517 shares of Class A common stock on 09/08/2025 at a price of $755.65 per share under a Rule 10b5-1 trading plan adopted August 17, 2024. After the reported sale, Mr. Olivan directly beneficially owned 11,577 shares and held additional indirect interests through several entities: Olivan D LLC (8,622 shares), Olivan Reinhold D LLC (2,999 shares), Reinhold D LLC (8,622 shares), and the Olivan Reinhold Family Revocable Trust u/a/d 10/16/12 (90,493 shares). The Form 4 was signed by an attorney-in-fact on 09/10/2025.

Positive

• Transaction executed under a Rule 10b5-1 trading plan, providing an affirmative defense for the sale
• Reporting person retains substantial indirect holdings, including 90,493 shares held by the family trust

Negative

• Insider sale of 517 shares was reported, which is a reduction in direct holdings

Insights

Corporate Governance Expert

TL;DR: A pre-established Rule 10b5-1 plan governed a small insider sale, with remaining ownership retained via direct and indirect holdings.

The reported transaction is a routine disposal executed under a Rule 10b5-1 plan adopted on August 17, 2024, which provides an affirmative defense to insider trading claims when properly structured. The size of the sale—517 shares at $755.65—is modest relative to the holdings disclosed on the form. Material governance concerns would typically arise if sales were large, frequent, or timed around material nonpublic information; the filing identifies the plan and multiple indirect ownership vehicles, and does not indicate any amendment or additional compensatory grant activity.

Securities Analyst

TL;DR: Insider sold a small block of shares via an established plan; disclosed post-sale positions show continued meaningful indirect ownership.

This Form 4 documents a sale on September 8, 2025, of 517 Class A shares at $755.65 under a 10b5-1 plan. The reporting person remains an active equity holder through direct ownership and multiple indirect entities, including a family trust holding 90,493 shares. From a market-impact perspective, the disclosed sale size is unlikely to be material to META’s capitalization or signal a change in insider conviction given the remaining reported holdings and the pre-arranged nature of the trade.

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)
09/08/2025

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	09/08/2025		S(1)		517	D	$755.65	11,577	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/ Katherine R. Kelly, attorney-in-fact for Javier Olivan	09/10/2025
	** 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

What did Javier Olivan (META) report on Form 4?

He reported a sale of 517 Class A shares on 09/08/2025 at $755.65 per share, executed under a Rule 10b5-1 plan.

Was the sale pre-arranged under a trading plan?

Yes. The filing states the sale was effected pursuant to a Rule 10b5-1 trading plan adopted August 17, 2024.

How many shares does Olivan directly and indirectly own after the sale?

The Form 4 shows 11,577 shares directly and indirect holdings via entities: Olivan D LLC 8,622, Olivan Reinhold D LLC 2,999, Reinhold D LLC 8,622, and the Olivan Reinhold Family Revocable Trust 90,493.

Who signed the Form 4 filing?

The Form 4 was signed by Katherine R. Kelly, attorney-in-fact for Javier Olivan on 09/10/2025.

Does the Form 4 disclose any derivative transactions or grants?

No. Table II shows no derivative securities acquired, disposed of, or beneficially owned in this filing.