Susan J. Li - May 15, 2024 Form 4 Insider Report for Meta Platforms, Inc. (META)

Signature
/s/ Erin Guldiken, attorney-in-fact for Susan J. Li
Stock symbol
META
Transactions as of
May 15, 2024
Transactions value $
-$17,523,889
Form type
4
Date filed
5/17/2024, 08:12 PM
Previous filing
Mar 22, 2024
Next filing
Aug 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction META Class A Common Stock Conversion of derivative security $0 +2.4K +3.44% $0.00 72.2K May 15, 2024 Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
transaction META Class A Common Stock Conversion of derivative security $0 +1.18K +1.64% $0.00 73.3K May 15, 2024 Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
transaction META Class A Common Stock Conversion of derivative security $0 +1.89K +2.57% $0.00 75.2K May 15, 2024 Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
transaction META Class A Common Stock Conversion of derivative security $0 +4.1K +5.45% $0.00 79.3K May 15, 2024 Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
transaction META Class A Common Stock Sale -$2.24M -4.75K -5.99% $471.85 74.6K May 15, 2024 Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 F1
transaction META Class A Common Stock Options Exercise $0 +6.79K +9.11% $0.00 81.4K May 15, 2024 Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
transaction META Class A Common Stock Options Exercise $0 +2.68K +3.29% $0.00 84.1K May 15, 2024 Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
transaction META Class A Common Stock Tax liability -$2.22M -4.7K -5.59% $471.85 79.4K May 15, 2024 Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 F2
transaction META Class A Common Stock Conversion of derivative security $0 +3.01K +3.79% $0.00 82.4K May 15, 2024 Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
transaction META Class A Common Stock Conversion of derivative security $0 +5.47K +6.64% $0.00 87.8K May 15, 2024 Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
transaction META Class A Common Stock Sale -$1.98M -4.2K -4.79% $471.85 83.6K May 15, 2024 Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 F3
transaction META Class A Common Stock Options Exercise $0 +6.79K +8.12% $0.00 90.4K May 15, 2024 Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
transaction META Class A Common Stock Options Exercise $0 +2.68K +2.96% $0.00 93.1K May 15, 2024 Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
transaction META Class A Common Stock Tax liability -$2.22M -4.7K -5.04% $471.85 88.4K May 15, 2024 Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 F4
transaction META Class A Common Stock Sale -$830K -1.75K -1.98% $474.07 86.7K May 16, 2024 Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 F5, F6
transaction META Class A Common Stock Sale -$2.82M -5.94K -6.85% $475.21 80.7K May 16, 2024 Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 F5, F7
transaction META Class A Common Stock Sale -$3.23M -6.78K -8.4% $475.94 73.9K May 16, 2024 Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 F5, F8
transaction META Class A Common Stock Sale -$1.99M -4.18K -5.65% $476.76 69.8K May 16, 2024 Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 F5, F9
holding META Class A Common Stock 14.4K May 15, 2024 Li-Hegeman Family Foundation F10

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction META Restricted Stock Units (RSU) (Class A) Conversion of derivative security $0 -2.4K -6.67% $0.00 33.6K May 15, 2024 Class A Common Stock 2.4K Direct F11, F12
transaction META Restricted Stock Units (RSU) (Class A) Conversion of derivative security $0 -1.18K -24.99% $0.00 3.54K May 15, 2024 Class A Common Stock 1.18K Direct F11, F13
transaction META Restricted Stock Units (RSU) (Class A) Conversion of derivative security $0 -1.89K -5.26% $0.00 34K May 15, 2024 Class A Common Stock 1.89K Direct F11, F14
transaction META Restricted Stock Units (RSU) (Class A) Conversion of derivative security $0 -4.1K -12.5% $0.00 28.7K May 15, 2024 Class A Common Stock 4.1K Direct F11, F15
transaction META Restricted Stock Units (RSU) (Class A) Options Exercise $0 -6.79K -8.33% $0.00 74.7K May 15, 2024 Class A Common Stock 6.79K Direct F11, F16
transaction META Restricted Stock Units (RSU) (Class A) Options Exercise $0 -2.68K -6.25% $0.00 40.2K May 15, 2024 Class A Common Stock 2.68K Direct F11, F17
transaction META Restricted Stock Units (RSU) (Class A) Conversion of derivative security $0 -3.01K -25% $0.00 9.02K May 15, 2024 Class A Common Stock 3.01K By Spouse F11, F18, F19
transaction META Restricted Stock Units (RSU) (Class A) Conversion of derivative security $0 -5.47K -12.5% $0.00 38.3K May 15, 2024 Class A Common Stock 5.47K By Spouse F11, F19, F20
transaction META Restricted Stock Units (RSU) (Class A) Options Exercise $0 -6.79K -8.33% $0.00 74.7K May 15, 2024 Class A Common Stock 6.79K By Spouse F11, F19, F21
transaction META Restricted Stock Units (RSU) (Class A) Options Exercise $0 -2.68K -6.25% $0.00 40.2K May 15, 2024 Class A Common Stock 2.68K By Spouse F11, F19, F22
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 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 Reporting Person's Restricted Stock Units ("RSUs") and does not represent an open market sale.
F2 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 Reporting Person's RSUs and does not represent a sale.
F3 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 Reporting Person's spouse's RSUs and does not represent an open market sale.
F4 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 Reporting Person's spouse's RSUs and does not represent a sale.
F5 The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 13, 2023.
F6 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $473.47 to $474.45 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 $474.49 to $475.47 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 $475.49 to $476.48 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 $476.49 to $477.15 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 Shares held of record by the Li-Hegeman Family Foundation (the "Foundation"). The reporting person is deemed to have voting and investment power over the shares held by the Foundation, but has no pecuniary interest in these shares.
F11 Each RSU represents a contingent right to receive 1 share of the Issuer's Class A Common Stock upon settlement.
F12 The RSUs vest quarterly as to 1/20th of the total RSUs, beginning on February 15, 2023, subject to continued service through each vesting date.
F13 The RSUs vest quarterly as to 1/16th of the total RSUs, beginning on May 15, 2021, subject to continued service through each vesting date.
F14 The RSUs vest quarterly as to 1/20th of the total RSUs, beginning on February 15, 2024, subject to continued service through each vesting date.
F15 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.
F16 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.
F17 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.
F18 The RSUs vest quarterly as to 1/16th of the total RSUs, beginning on May 15, 2021, subject to continued service through each vesting date.
F19 The Reporting Person disclaims Section 16 beneficial ownership over the securities reported except to the extent of her pecuniary interest therein, if any.
F20 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.
F21 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.
F22 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.