Chan Zuckerberg Initiative Foundation sold $8.7 million of Meta Class A stock on Jan 28, 2025, in the second of two Form 4s
A Form 4, the form an insider files when trading a company's shares, reported that the Chan Zuckerberg Initiative Foundation sold 12,975 Meta Class A shares on Jan 28, 2025, at an average of $673.55 a share for $8.7 million. The form listed the shares as held indirectly through the foundation and named Mark Zuckerberg as a director, an officer (COB and CEO) and an owner of more than 10% of the shares. A footnote said the sales were made under a Rule 10b5-1 trading plan adopted on Aug 9, 2024, and another said Mark Zuckerberg was deemed to have voting and investment power over the foundation's shares but had no pecuniary interest in them. Its remarks call it the second of two Forms 4 for transactions on Jan 28, 2025, and it was filed on SEC EDGAR on Jan 29, 2025.1,2,3,4,5,6,7,8,9,10,11,12,13,14
How each figure was checked
- Meta Form 4 0000950103-25-001076: shares12,975
- Meta Form 4 0000950103-25-001076: first dateJan 28, 2025
- Meta Form 4 0000950103-25-001076: average price$673.55
- Meta Form 4 0000950103-25-001076: value$8.74 million
- Meta Form 4 0000950103-25-001076: shares afterafter the last sale line the form states 249896 shares of Class A Common Stock held indirectly (By Chan Zuckerberg Initiative Foundation)
- Meta Form 4 0000950103-25-001076: by holderthe sale lines of this form, by who held the shares: By Chan Zuckerberg Initiative Foundation (held indirectly): 12975 shares for 8739337.615 USD
- Meta Form 4 0000950103-25-001076: holding18 sale lines held indirectly (By Chan Zuckerberg Initiative Foundation)
- Meta Form 4 0000950103-25-001076: ownerMark Zuckerberg
- Meta Form 4 0000950103-25-001076: relationshipdirector, officer (COB and CEO) and owner of more than 10% of the shares
- Footnote F1 of the Form 4 filed Jan 29, 2025 (it is attached to that document's line N1, N2, N3, N4, N5, N6, N7, N8, N9, N10, N11, N12, N13, N14, N15, N16, N17, N18)August 9, 2024Footnotes and remarks of the same Form 4 ↗
- Meta Form 4 0000950103-25-001076: 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
- Footnote F3 of the Form 4 filed Jan 29, 2025 (it is attached to that document's line N1, N2, N3, N4, N5, N6, N7, N8, N9, N10, N11, N12, N13, N14, N15, N16, N17, N18)Footnotes and remarks of the same Form 4 ↗
- Remarks of the Form 4 filed Jan 29, 2025 (they speak for the form as a whole, not for a line)two; 4; January 28, 2025Footnotes and remarks of the same Form 4 ↗
- Meta Form 4 0000950103-25-001076: filed onJan 29, 2025
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The record
- Issuer
- Meta (CIK 1326801, filed as Meta Platforms, Inc.)
- Form
- 4
- Accession
- 0000950103-25-001076
- Filed
- Jan 29, 2025
- Period of report
- Jan 28, 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) · 192 Class A Common Stock at $662.02 · Jan 28, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 262,679 held after · footnotes F1, F2 and F3
- Line 2
- S (sale) · 296 Class A Common Stock at $663.332 · Jan 28, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 262,383 held after · footnotes F1, F3 and F4
- Line 3
- S (sale) · 513 Class A Common Stock at $664.7953 · Jan 28, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 261,870 held after · footnotes F1, F3 and F5
- Line 4
- S (sale) · 832 Class A Common Stock at $665.8319 · Jan 28, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 261,038 held after · footnotes F1, F3 and F6
- Line 5
- S (sale) · 502 Class A Common Stock at $666.9139 · Jan 28, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 260,536 held after · footnotes F1, F3 and F7
- Line 6
- S (sale) · 594 Class A Common Stock at $668.2774 · Jan 28, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 259,942 held after · footnotes F1, F3 and F8
- Line 7
- S (sale) · 592 Class A Common Stock at $669.0231 · Jan 28, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 259,350 held after · footnotes F1, F3 and F9
- Line 8
- S (sale) · 789 Class A Common Stock at $670.4593 · Jan 28, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 258,561 held after · footnotes F1, F3 and F10
- Line 9
- S (sale) · 684 Class A Common Stock at $671.5117 · Jan 28, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 257,877 held after · footnotes F1, F3 and F11
- Line 10
- S (sale) · 566 Class A Common Stock at $672.6825 · Jan 28, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 257,311 held after · footnotes F1, F3 and F12
- Line 11
- S (sale) · 1,315 Class A Common Stock at $673.8603 · Jan 28, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 255,996 held after · footnotes F1, F3 and F13
- Line 12
- S (sale) · 492 Class A Common Stock at $674.7448 · Jan 28, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 255,504 held after · footnotes F1, F3 and F14
- Line 13
- S (sale) · 796 Class A Common Stock at $676.6682 · Jan 28, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 254,708 held after · footnotes F1, F3 and F15
- Line 14
- S (sale) · 1,588 Class A Common Stock at $677.5968 · Jan 28, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 253,120 held after · footnotes F1, F3 and F16
- Line 15
- S (sale) · 1,193 Class A Common Stock at $678.5033 · Jan 28, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 251,927 held after · footnotes F1, F3 and F17
- Line 16
- S (sale) · 771 Class A Common Stock at $679.467 · Jan 28, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 251,156 held after · footnotes F1, F3 and F18
- Line 17
- S (sale) · 964 Class A Common Stock at $680.7491 · Jan 28, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 250,192 held after · footnotes F1, F3 and F19
- Line 18
- S (sale) · 296 Class A Common Stock at $681.4172 · Jan 28, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 249,896 held after · footnotes F1, F3 and F20
- 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 $662.00 to $662.04 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 $663.055 to $663.50 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 $664.135 to $665.07 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 F6
- The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $665.33 to $666.24 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 $666.48 to $667.26 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 $667.78 to $668.75 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 $668.85 to $669.28 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 $669.93 to $670.80 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 $670.96 to $671.92 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 $672.10 to $673.04 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 $673.32 to $674.245 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 $674.40 to $675.24 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 $676.09 to $677.02 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 reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $677.15 to $678.03 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 F17
- The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $678.16 to $679.02 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 F18
- The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $679.18 to $680.00 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.
- Footnote F19
- The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $680.20 to $681.15 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.
- Footnote F20
- The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $681.38 to $681.46 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 F21
- 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 F22
- 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 F23
- Shares held of record by Mark Zuckerberg, Trustee of the 2006 Trust.
- Footnote F24
- 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 F25
- 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 F26
- 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 F27
- 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 28, 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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