Chan Zuckerberg Initiative Foundation sold $9.17 million of Meta Class A stock on Feb 5, 2025, per the second of two Forms 4
The Chan Zuckerberg Initiative Foundation sold 12,975 Class A shares of Meta on Feb 5, 2025, at an average price of $706.72 a share, for $9.17 million. The sale was reported on a Form 4, the form an insider files when trading a company's shares, filed for Mark Zuckerberg, whom the form named as a director, an officer (COB and CEO) and an owner of more than 10% of the shares; the form showed the shares as held indirectly. A footnote said the sales were made under a Rule 10b5-1 trading plan that Mark Zuckerberg 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. The Form 4 was filed on the SEC's EDGAR site on Feb 5, 2025, and its remarks called it the second of two Forms 4 reporting transactions of Feb 5, 2025.1,2,3,4,5,6,7,8,9,10,11,12,13
How each figure was checked
- Meta Form 4 0000950103-25-001664: by holderthe sale lines of this form, by who held the shares: By Chan Zuckerberg Initiative Foundation (held indirectly): 12975 shares for 9169668.2084 USD
- Meta Form 4 0000950103-25-001664: shares12,975
- Meta Form 4 0000950103-25-001664: first dateFeb 5, 2025
- Meta Form 4 0000950103-25-001664: average price$706.72
- Meta Form 4 0000950103-25-001664: value$9.17 million
- Meta Form 4 0000950103-25-001664, line 14: the shares owned after the line172,046 shares of Class A Common Stock owned after this line, held indirectly (By Chan Zuckerberg Initiative Foundation)
- Meta Form 4 0000950103-25-001664: ownerMark Zuckerberg (filed as Zuckerberg Mark)
- Meta Form 4 0000950103-25-001664: relationshipdirector, officer (COB and CEO) and owner of more than 10% of the shares
- Meta Form 4 0000950103-25-001664: holding14 sale lines held indirectly (By Chan Zuckerberg Initiative Foundation)
- Footnote F1 of the Form 4 filed Feb 5, 2025 (it is attached to that document's line N1, N2, N3, N4, N5, N6, N7, N8, N9, N10, N11, N12, N13, N14)August 9, 2024Footnotes and remarks of the Form 4 filed Feb 5, 2025 ↗
- Footnote F3 of the Form 4 filed Feb 5, 2025 (it is attached to that document's line N1, N2, N3, N4, N5, N6, N7, N8, N9, N10, N11, N12, N13, N14)no pecuniary interestFootnotes and remarks of the Form 4 filed Feb 5, 2025 ↗
- Meta Form 4 0000950103-25-001664: filed onFeb 5, 2025
- Remarks of the Form 4 filed Feb 5, 2025 (they speak for the form as a whole, not for a line)two; 4; February 5, 2025Footnotes and remarks of the Form 4 filed Feb 5, 2025 ↗
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The record
- Issuer
- Meta (CIK 1326801, filed as Meta Platforms, Inc.)
- Form
- 4
- Accession
- 0000950103-25-001664
- Filed
- Feb 5, 2025
- Period of report
- Feb 5, 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) · 362 Clas A Common Stock at $700.7155 · Feb 5, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 184,659 held after · footnotes F1, F2 and F3
- Line 2
- S (sale) · 633 Class A Common Stock at $702.1697 · Feb 5, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 184,026 held after · footnotes F1, F3 and F4
- Line 3
- S (sale) · 1,759 Class A Common Stock at $703.264 · Feb 5, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 182,267 held after · footnotes F1, F3 and F5
- Line 4
- S (sale) · 3,283 Class A Common Stock at $704.2008 · Feb 5, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 178,984 held after · footnotes F1, F3 and F6
- Line 5
- S (sale) · 2,170 Class A Common Stock at $705.0859 · Feb 5, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 176,814 held after · footnotes F1, F3 and F7
- Line 6
- S (sale) · 400 Class A Common Stock at $706.1075 · Feb 5, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 176,414 held after · footnotes F1, F3 and F8
- Line 7
- S (sale) · 267 Class A Common Stock at $707.269 · Feb 5, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 176,147 held after · footnotes F1, F3 and F9
- Line 8
- S (sale) · 292 Class A Common Stock at $708.8984 · Feb 5, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 175,855 held after · footnotes F1, F3 and F10
- Line 9
- S (sale) · 1,143 Class A Common Stock at $710.2265 · Feb 5, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 174,712 held after · footnotes F1, F3 and F11
- Line 10
- S (sale) · 488 Class A Common Stock at $711.3989 · Feb 5, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 174,224 held after · footnotes F1, F3 and F12
- Line 11
- S (sale) · 792 Class A Common Stock at $712.5457 · Feb 5, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 173,432 held after · footnotes F1, F3 and F13
- Line 12
- S (sale) · 310 Class A Common Stock at $713.5503 · Feb 5, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 173,122 held after · footnotes F1, F3 and F14
- Line 13
- S (sale) · 592 Class A Common Stock at $714.7908 · Feb 5, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 172,530 held after · footnotes F1, F3 and F15
- Line 14
- S (sale) · 484 Class A Common Stock at $716.1986 · Feb 5, 2025 · disposed, indirectly, By Chan Zuckerberg Initiative Foundation · 172,046 held after · footnotes F1, F3 and F16
- 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 $700.50 to $701.00 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 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 $701.62 to $702.58 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 $702.72 to $703.69 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 $703.72 to $704.67 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 $704.74 to $705.69 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 $705.80 to $706.58 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 $706.93 to $707.49 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 $708.50 to $709.295 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 F11
- The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $709.585 to $710.53 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 $710.87 to $711.85 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 F13
- The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $711.95 to $712.86 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 $713.16 to $714.05 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 $714.30 to $715.26 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 F16
- The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $715.82 to $716.58 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 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 F18
- 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 F19
- Shares held of record by Mark Zuckerberg, Trustee of the 2006 Trust.
- Footnote F20
- 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 F21
- 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 F22
- 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 F23
- 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 February 5, 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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