The Chan Zuckerberg Initiative Foundation sold $8.03 million of Meta shares on Jan 7, 2025
The Chan Zuckerberg Initiative Foundation sold 12,975 Meta Class A shares on Jan 7, 2025, for $8.03 million at an average $618.91 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. 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 shares the foundation held but had no pecuniary interest in them. After the last sale line, the form stated 407,240 Class A shares held indirectly by the foundation. The Form 4 was filed with the SEC on Jan 8, 2025, and its remarks called it the second of two Forms 4 filed to report transactions of Jan 7, 2025.1,2,3,4,5,6,7,8,9,10,11,12,13
How each figure was checked
- Meta Form 4 0000950103-25-000336: sidesale
- Meta Form 4 0000950103-25-000336: value$8.03 million
- Meta Form 4 0000950103-25-000336: shares12,975
- Meta Form 4 0000950103-25-000336: average price$618.91
- Meta Form 4 0000950103-25-000336: first dateJan 7, 2025
- Meta Form 4 0000950103-25-000336: ownerMark Zuckerberg (filed as Zuckerberg Mark)
- Meta Form 4 0000950103-25-000336: by holderthe sale lines of this form, by who held the shares: By Chan Zuckerberg Initiative Foundation (held indirectly): 12975 shares for 8030411.222 USD
- Meta Form 4 0000950103-25-000336: shares afterafter the last sale line the form states 407240 shares of Class A Common Stock held indirectly (By Chan Zuckerberg Initiative Foundation)
- Meta Form 4 0000950103-25-000336: 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 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 0000950103-25-000336: filed onJan 8, 2025
- the form's remarks: one of two Forms 4 for the day's transactionstwo; 4; January 7, 2025Footnotes of the Form 4 as filed on SEC EDGAR ↗
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The record
- Issuer
- Meta (CIK 1326801, filed as Meta Platforms, Inc.)
- Form
- 4
- Accession
- 0000950103-25-000336
- Filed
- Jan 8, 2025
- Period of report
- Jan 7, 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
- S (sale) · 388 Class A Common Stock at $609.2793 · Jan 7, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 419,827 held after · footnotes F1, F2 and F3
- Line 2
- S (sale) · 535 Class A Common Stock at $610.999 · Jan 7, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 419,292 held after · footnotes F1, F3 and F4
- Line 3
- S (sale) · 96 Class A Common Stock at $612.61 · Jan 7, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 419,196 held after · footnotes F1 and F3
- Line 4
- S (sale) · 538 Class A Common Stock at $614.1992 · Jan 7, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 418,658 held after · footnotes F1, F3 and F5
- Line 5
- S (sale) · 800 Class A Common Stock at $615.7138 · Jan 7, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 417,858 held after · footnotes F1, F3 and F6
- Line 6
- S (sale) · 1,259 Class A Common Stock at $616.6941 · Jan 7, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 416,599 held after · footnotes F1, F3 and F7
- Line 7
- S (sale) · 3,226 Class A Common Stock at $617.7088 · Jan 7, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 413,373 held after · footnotes F1, F3 and F8
- Line 8
- S (sale) · 828 Class A Common Stock at $618.8108 · Jan 7, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 412,545 held after · footnotes F1, F3 and F9
- Line 9
- S (sale) · 1,084 Class A Common Stock at $619.7549 · Jan 7, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 411,461 held after · footnotes F1, F3 and F10
- Line 10
- S (sale) · 1,186 Class A Common Stock at $620.9395 · Jan 7, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 410,275 held after · footnotes F1, F3 and F11
- Line 11
- S (sale) · 863 Class A Common Stock at $621.8735 · Jan 7, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 409,412 held after · footnotes F1, F3 and F12
- Line 12
- S (sale) · 96 Class A Common Stock at $622.59 · Jan 7, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 409,316 held after · footnotes F1 and F3
- Line 13
- S (sale) · 580 Class A Common Stock at $624.1363 · Jan 7, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 408,736 held after · footnotes F1, F3 and F13
- Line 14
- S (sale) · 692 Class A Common Stock at $625.2149 · Jan 7, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 408,044 held after · footnotes F1, F3 and F14
- Line 15
- S (sale) · 588 Class A Common Stock at $626.5665 · Jan 7, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 407,456 held after · footnotes F1, F3 and F15
- Line 16
- S (sale) · 96 Class A Common Stock at $628.02 · Jan 7, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 407,360 held after · footnotes F1 and F3
- Line 17
- S (sale) · 100 Class A Common Stock at $630.91 · Jan 7, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 407,260 held after · footnotes F1 and F3
- Line 18
- S (sale) · 20 Class A Common Stock at $632.00 · Jan 7, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 407,240 held after · footnotes F1 and F3
- Footnote F1
- 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 F2
- The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $608.79 to $609.74 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 F3
- 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 F4
- The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $610.60 to $611.40 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 $613.82 to $614.40 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 $615.16 to $616.01 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 F7
- The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $616.20 to $617.14 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 reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $617.22 to $618.205 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 F9
- The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $618.35 to $619.1875 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
- The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $619.35 to $620.25 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 F11
- The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $620.36 to $621.32 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 $621.40 to $622.295 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 $623.75 to $624.57 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 reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $624.91 to $625.88 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 F15
- The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $626.15 to $626.91 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 F16
- 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 F17
- 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 F18
- Shares held of record by Mark Zuckerberg, Trustee of the 2006 Trust.
- Footnote F19
- 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 F20
- 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 F21
- 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 F22
- 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.
- Remarks
- The second of two Forms 4 being filed to report transactions by the reporting person that occurred on January 7, 2025. The Class A Common Stock holdings for CZI are reported on the first of these two forms.
Insider purchases and sales of Meta shares, since Jun 20, 2024
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