Meta CFO Susan Li sells 9,196 shares in trust

Q: What insider transaction did META report for CFO Susan Li on this Form 4?

META reported that CFO Susan J. Li, through The Li-Hegeman Living Trust, completed 13 open-market sales of Class A Common Stock on August 18, 2026, totaling 9,196 shares.

Q: Are the META shares sold by Susan Li held directly or indirectly?

The reported META shares were held indirectly through The Li-Hegeman Living Trust, with Susan J. Li and John Hegeman serving as co-trustees.

Q: How many distinct sale transactions did META’s CFO report in this Form 4?

CFO Susan J. Li reported 13 separate sale transactions of META Class A Common Stock on August 18, 2026, all as indirect holdings of The Li-Hegeman Living Trust.

Meta Platforms, Inc. (META) reported that Chief Financial Officer Susan J. Li, through indirect holdings in The Li-Hegeman Living Trust (co-trustees Susan Li and John Hegeman), sold a total of 9,196 shares of Class A Common Stock on August 18, 2026.

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Rhea-AI Filing Summary

Meta Platforms, Inc. (META) reported that Chief Financial Officer Susan J. Li, through indirect holdings in The Li-Hegeman Living Trust (co-trustees Susan Li and John Hegeman), sold a total of 9,196 shares of Class A Common Stock on August 18, 2026.

The 13 open-market sales were executed at reported prices generally between the high $540s and low $560s per share, with several prices disclosed as weighted averages over multiple trades. All transactions were effected pursuant to a Rule 10b5-1 trading plan adopted on November 25, 2025.

Insider Trade Summary 10b5-1

Net Seller: 9,196 shares

Net Sell 13 txns

Insider LI SUSAN J

Role Chief Financial Officer

Sold 9,196 shs ($5.06M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock ^{F1, F2}	1,845	$547.5143	$1.01M
Sale	Class A Common Stock ^{F1, F3}	1,864	$548.1951	$1.02M
Sale	Class A Common Stock ^{F1, F4}	1,219	$549.2492	$670K
Sale	Class A Common Stock ^{F1, F5}	708	$550.1979	$390K
Sale	Class A Common Stock ^{F1, F6}	1,031	$551.2472	$568K
Sale	Class A Common Stock ^{F1, F7}	561	$552.4692	$310K
Sale	Class A Common Stock ^{F1, F8}	768	$553.4182	$425K
Sale	Class A Common Stock ^{F1, F9}	160	$554.3888	$89K
Sale	Class A Common Stock ^F1	40	$555.83	$22K
Sale	Class A Common Stock ^{F1, F10}	720	$557.5686	$401K
Sale	Class A Common Stock ^{F1, F11}	120	$558.1217	$67K
Sale	Class A Common Stock ^F1	40	$559.59	$22K
Sale	Class A Common Stock ^F1	120	$560.63	$67K

Holdings After Transaction: Class A Common Stock — 13,186 shares (Indirect, Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012)

Footnotes (11)

F1. The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 25, 2025.
F2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $546.82 to $547.81 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.
F3. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $547.83 to $548.81 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.
F4. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $548.83 to $549.79 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.
F5. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $549.83 to $550.79 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.
F6. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $550.88 to $551.76 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.
F7. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $551.995 to $552.96 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.
F8. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $553.085 to $554.00 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.
F9. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $554.165 to $554.465 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.
F10. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $557.04 to $557.93 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.
F11. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $558.04 to $558.285 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.

Key Figures

Total shares sold: 9,196 shares Number of sale transactions: 13 transactions Weighted-average sale price (low end example): $547.5143 per share +3 more

6 metrics

Total shares sold 9,196 shares Aggregate Class A Common Stock sales on August 18, 2026 by The Li-Hegeman Living Trust

Number of sale transactions 13 transactions Non-derivative open-market or private sales on August 18, 2026

Weighted-average sale price (low end example) $547.5143 per share One sale block of 1,845 shares of Class A Common Stock

Weighted-average sale price (high end example) $558.1217 per share One sale block of 120 shares of Class A Common Stock

Highest individually reported sale price $560.6300 per share Sale of 120 shares of Class A Common Stock

Rule 10b5-1 plan adoption date November 25, 2025 Date Susan J. Li adopted the trading plan governing these sales

Key Terms

Rule 10b5-1 trading plan, weighted average price, Class A Common Stock, indirect ownership

4 terms

Rule 10b5-1 trading plan regulatory

"The sales reported were effected pursuant to a Rule 10b5-1 trading plan"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

weighted average price financial

"The reported price in Column 4 is a weighted average price"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Class A Common Stock financial

"security_title: Class A Common Stock for each reported transaction"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

indirect ownership financial

"ownership_type is indirect via The Li-Hegeman Living Trust"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did META report for CFO Susan Li on this Form 4?

META reported that CFO Susan J. Li, through The Li-Hegeman Living Trust, completed 13 open-market sales of Class A Common Stock on August 18, 2026, totaling 9,196 shares.

How many META shares did Susan Li’s trust sell and on what date?

The Li-Hegeman Living Trust, associated with META CFO Susan J. Li, sold 9,196 shares of META Class A Common Stock on August 18, 2026, across multiple transactions reported on this Form 4.

At what prices were the META shares sold in Susan Li’s August 18, 2026 transactions?

Reported per-share prices ranged from weighted-average levels around $547.51 up to $558.12, with additional individual sales reported at $555.83, $559.59, and $560.63 per META Class A share.

Were Susan Li’s META stock sales made under a Rule 10b5-1 plan?

Yes. The filing states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted by Susan J. Li on November 25, 2025.

Are the META shares sold by Susan Li held directly or indirectly?

The reported META shares were held indirectly through The Li-Hegeman Living Trust, with Susan J. Li and John Hegeman serving as co-trustees.

How many distinct sale transactions did META’s CFO report in this Form 4?

CFO Susan J. Li reported 13 separate sale transactions of META Class A Common Stock on August 18, 2026, all as indirect holdings of The Li-Hegeman Living Trust.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/20/2026 - 06:33 PM EDT

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).

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^*

LI SUSAN J

(Last)

(First)

(Middle)

C/O META PLATFORMS, INC.

1 META WAY

(Street)

MENLO PARK

CALIFORNIA

94025

(City)

(State)

(Zip)

UNITED STATES

(Country)

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 Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	08/18/2026		S⁽¹⁾		1,845	D	$547.5143⁽²⁾	20,537	I	Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock	08/18/2026		S⁽¹⁾		1,864	D	$548.1951⁽³⁾	18,673	I	Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock	08/18/2026		S⁽¹⁾		1,219	D	$549.2492⁽⁴⁾	17,454	I	Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock	08/18/2026		S⁽¹⁾		708	D	$550.1979⁽⁵⁾	16,746	I	Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock	08/18/2026		S⁽¹⁾		1,031	D	$551.2472⁽⁶⁾	15,715	I	Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock	08/18/2026		S⁽¹⁾		561	D	$552.4692⁽⁷⁾	15,154	I	Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock	08/18/2026		S⁽¹⁾		768	D	$553.4182⁽⁸⁾	14,386	I	Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock	08/18/2026		S⁽¹⁾		160	D	$554.3888⁽⁹⁾	14,226	I	Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock	08/18/2026		S⁽¹⁾		40	D	$555.83	14,186	I	Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock	08/18/2026		S⁽¹⁾		720	D	$557.5686⁽¹⁰⁾	13,466	I	Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock	08/18/2026		S⁽¹⁾		120	D	$558.1217⁽¹¹⁾	13,346	I	Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock	08/18/2026		S⁽¹⁾		40	D	$559.59	13,306	I	Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock	08/18/2026		S⁽¹⁾		120	D	$560.63	13,186	I	Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 25, 2025.

2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $546.82 to $547.81 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. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $547.83 to $548.81 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.

4. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $548.83 to $549.79 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 $549.83 to $550.79 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 $550.88 to $551.76 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 $551.995 to $552.96 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 $553.085 to $554.00 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 $554.165 to $554.465 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 $557.04 to $557.93 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 $558.04 to $558.285 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.

	/s/ Erin Guldiken, attorney-in-fact for Susan J. Li	08/20/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR