CZI Holdings and the Chan Zuckerberg Initiative Foundation sold $3.92 million of Meta shares on Jan 2, 2025
CZI Holdings, LLC and the Chan Zuckerberg Initiative Foundation sold 6,510 Meta Class A shares on Jan 2, 2025, for $3.92 million at an average $601.51 a share, according to a Form 4, the form an insider files when trading a company's shares, that listed Mark Zuckerberg as the reporting owner. CZI Holdings sold 4,112 of the shares and the foundation 2,398, and the form also listed a conversion of 4,112 Class B shares by CZI Holdings that day. The form stated that the sales were made under a Rule 10b5-1 trading plan (a pre-arranged plan) adopted on Aug 9, 2024 by Mark Zuckerberg, who was deemed to have voting and investment power over the foundation's shares but had no pecuniary interest in them. The Form 4 was filed with the SEC on Jan 6, 2025.1,2,3,4,5,6,7,8,9,10,11,12,13,14,15
How each figure was checked
- Meta Form 4 0000950103-25-000211: sidesale
- Meta Form 4 0000950103-25-000211: value$3.92 million
- Meta Form 4 0000950103-25-000211: shares6,510
- Meta Form 4 0000950103-25-000211: average price$601.51
- Meta Form 4 0000950103-25-000211: first dateJan 2, 2025
- Meta Form 4 0000950103-25-000211: ownerMark Zuckerberg (filed as Zuckerberg Mark)
- Meta Form 4 0000950103-25-000211: by holderthe sale lines of this form, by who held the shares: By CZI Holdings, LLC (held indirectly): 4112 shares for 2473516.5826 USD; By Chan Zuckerberg Initiative Foundation (held indirectly): 2398 shares for 1442332.8692 USD
- Meta Form 4 0000950103-25-000211: shares afterafter the last sale line the form states 0 shares of Class A Common Stock held indirectly (By CZI Holdings, LLC); 446165 shares of Class A Common Stock held indirectly (By Chan Zuckerberg Initiative Foundation)
- derivative line 1: the conversion of 4,112 Class B shares held by CZI Holdingsderivative line, conversion of a derivative security (code C): 4,112 shares disposed on Jan 2, 2025 at $0 per share; held indirectly (By CZI Holdings, LLC); 193,665,558 owned after the line
- Class B shares convert into Class A shares1-for-1Footnotes of the Form 4 as filed on SEC EDGAR ↗
- Meta Form 4 0000950103-25-000211: rule 10b5 1ticked: the filing marks a transaction on the form as made under a Rule 10b5-1 plan; the box is one answer for the whole form and does not say which line
- the plan under which CZI Holdings sold, adopted by the reporting personAugust 9, 2024Footnotes of the Form 4 as filed on SEC EDGAR ↗
- the plan under which the foundation sold, adopted by the reporting personAugust 9, 2024Footnotes of the Form 4 as filed on SEC EDGAR ↗
- the reporting person and the foundation's sharesvoting and investment power, no pecuniary interestFootnotes of the Form 4 as filed on SEC EDGAR ↗
- Meta Form 4 0000950103-25-000211: filed onJan 6, 2025
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The record
- Issuer
- Meta (CIK 1326801, filed as Meta Platforms, Inc.)
- Form
- 4
- Accession
- 0000950103-25-000211
- Filed
- Jan 6, 2025
- Period of report
- Jan 2, 2025
- Reporting owner
- Mark Zuckerberg (CIK 1548760, filed as Zuckerberg Mark)
- Relationship
- director, officer (COB and CEO) and owner of more than 10% of the shares
- Rule 10b5-1 checkbox
- Ticked
- Line 1
- C (conversion of a derivative security) · 4,112 Class A Common Stock at $0.00 · Jan 2, 2025 · acquired, indirectly, By CZI Holdings, LLC · 4,112 held after · footnote F1
- Line 2
- S (sale) · 1,920 Class A Common Stock at $600.3154 · Jan 2, 2025 · disposed, indirectly, By CZI Holdings, LLC · 2,192 held after · footnotes F1, F2 and F3
- Line 3
- S (sale) · 782 Class A Common Stock at $601.5781 · Jan 2, 2025 · disposed, indirectly, By CZI Holdings, LLC · 1,410 held after · footnotes F1, F2 and F4
- Line 4
- S (sale) · 691 Class A Common Stock at $602.636 · Jan 2, 2025 · disposed, indirectly, By CZI Holdings, LLC · 719 held after · footnotes F1, F2 and F5
- Line 5
- S (sale) · 600 Class A Common Stock at $603.5397 · Jan 2, 2025 · disposed, indirectly, By CZI Holdings, LLC · 119 held after · footnotes F1, F2 and F6
- Line 6
- S (sale) · 119 Class A Common Stock at $604.4676 · Jan 2, 2025 · disposed, indirectly, By CZI Holdings, LLC · 0 held after · footnotes F1, F2 and F7
- Line 7
- S (sale) · 1,250 Class A Common Stock at $600.2884 · Jan 2, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 447,313 held after · footnotes F8, F9 and F10
- Line 8
- S (sale) · 187 Class A Common Stock at $601.5031 · Jan 2, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 447,126 held after · footnotes F8, F10 and F11
- Line 9
- S (sale) · 486 Class A Common Stock at $602.3545 · Jan 2, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 446,640 held after · footnotes F8, F10 and F12
- Line 10
- S (sale) · 475 Class A Common Stock at $603.6779 · Jan 2, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 446,165 held after · footnotes F8, F10 and F13
- Derivative line 1
- C (conversion of a derivative security) · 4,112 Class B Common Stock at $0.00 · Jan 2, 2025 · disposed, indirectly, By CZI Holdings, LLC · 193,665,558 held after · footnotes F1 and F14
- Footnote F1
- Shares held of record by CZI Holdings, LLC ("CZI"). Mark Zuckerberg, Trustee of the Mark Zuckerberg Trust dated July 7, 2006 ("2006 Trust"), is the sole member of CZI. The reporting person is the sole trustee of the 2006 Trust and, therefore, is deemed to have sole voting and investment power over the securities held by CZI.
- Footnote F2
- The sales reported were effected by CZI pursuant to the Rule 10b5-1 trading plan adopted by the reporting person on August 9, 2024.
- Footnote F3
- The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $600.00 to $600.78 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.
- Footnote F4
- The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $601.08 to $602.07 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.
- Footnote F5
- The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $602.19 to $603.08 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.
- Footnote F6
- The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $603.24 to $604.06 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.
- Footnote F7
- The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $604.45 to $604.56 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.
- Footnote F8
- The sales reported were effected by the Chan Zuckerberg Initiative Foundation ("CZI Foundation") pursuant to the Rule 10b5-1 trading plan adopted by the reporting person on August 9, 2024.
- Footnote F9
- The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $600.00 to $600.85 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.
- Footnote F10
- Shares held of record by CZI Foundation. The reporting person is deemed to have voting and investment power over the shares held by CZI Foundation, but has no pecuniary interest in these shares.
- Footnote F11
- The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $601.00 to $601.98 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.
- Footnote F12
- The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $602.04 to $603.01 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.
- Footnote F13
- The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $603.39 to $604.06 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.
- Footnote F14
- The Class B Common Stock is convertible into the issuer's Class A Common Stock on a 1-for-1 basis (a) at the holder's option or (b) upon certain transfers of such shares and has no expiration date.
- Footnote F15
- Shares held of record by Mark Zuckerberg, Trustee of the 2006 Trust.
- Footnote F16
- Shares held of record by Chan Zuckerberg Holdings, LLC ("CZ Holdings"), which is beneficially owned by the reporting person. The reporting person is deemed to have sole voting and investment power over the securities held by CZ Holdings.
- Footnote F17
- Shares held of record by CZI Holdings I, LLC ("CZI I"), which is beneficially owned by the reporting person. The reporting person is deemed to have sole voting and investment power over the securities held by CZI I.
- Footnote F18
- Shares held of record by Chan Zuckerberg Holdings II, LLC ("CZ Holdings II"), which is beneficially owned by the reporting person. The reporting person is deemed to have sole voting and investment power over the securities held by CZ Holdings II.
- Footnote F19
- Shares held of record by Chan Zuckerberg Holdings III, LLC ("CZ Holdings III"), which is beneficially owned by the reporting person. The reporting person is deemed to have sole voting and investment power over the securities held by CZ Holdings III.
Insider purchases and sales of Meta shares, since Jun 20, 2024
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