Postgame
FilingsForm 4

Meta CFO Susan J. Li reported a $14.02 million sale of Meta shares held by a trust on Aug 18, 2025

From the public record1 min read

Published Filed
Value$14.02 million, held indirectly
Shares18,332, held indirectly
Average price$764.71
FiledAug 19

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

The trust whose co-trustees were Susan Li and John Hegeman sold 18,332 Meta shares on Aug 18, 2025, at an average of $764.71 a share, under a Rule 10b5-1 trading plan adopted on Feb 12, 2025, according to the footnotes of a Form 4, the form an insider files when trading the company's shares. The form also codes two lines as sales, of 4,162 and 2,713 shares dated Aug 15, 2025, but footnotes say Meta withheld those shares to cover income tax and that neither was an open market sale. The form also lists 12 lines for exercise of a derivative security on Aug 15, 2025, and states 84,141 shares held indirectly after the last sale line. Susan J. Li, Meta's chief financial officer, filed the Form 4 with the SEC on Aug 19, 2025, and it is on the SEC's EDGAR site.1234567891011121314151617

How each figure was checked17 facts
  1. Meta Form 4 0000950103-25-010475: sidesaleOur database
  2. Meta Form 4 0000950103-25-010475: shares18,332Our database
  3. Meta Form 4 0000950103-25-010475: average price$764.71Our database
  4. Meta Form 4 0000950103-25-010475: first dateAug 18, 2025Our database
  5. Meta Form 4 0000950103-25-010475: last dateAug 18, 2025Our database
  6. Meta Form 4 0000950103-25-010475: by holderthe sale lines of this form, by who held the shares: Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 (held indirectly): 18332 shares for 14018623.5066 USDOur database
  7. Footnote F5 of the Form 4 filed Aug 19, 2025 (it is attached to that document's line N15, N16, N17, N18, N19, N20, N21, N22, N23, N24, N25, N26, N27)February 12, 2025Footnotes of the Form 4 filed Aug 19, 2025 ↗
  8. Meta Form 4 0000950103-25-010475: other linesThe form also lists 12 lines for exercise of a derivative security (6 in the table of shares, 6 in the table of derivative securities), 8 lines for conversion of a derivative security (4 in the table of shares, 4 in the table of derivative securities), 2 lines for payment of an exercise price or tax in shares and 2 lines for shares the issuer withheld for tax, which the form codes S and a footnote says are not an open-market sale.Our database
  9. Meta Form 4 0000950103-25-010475, line 4shares the issuer withheld for tax, which the form codes S and a footnote says are not an open-market sale (code S): 4,162 shares disposed on Aug 15, 2025 at $782.13 per share; held indirectly (Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012); 88,370 owned after the lineOur database
  10. Meta Form 4 0000950103-25-010475, line 10shares the issuer withheld for tax, which the form codes S and a footnote says are not an open-market sale (code S): 2,713 shares disposed on Aug 15, 2025 at $782.13 per share; held indirectly (Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012); 96,800 owned after the lineOur database
  11. Footnote F1 of the Form 4 filed Aug 19, 2025 (it is attached to that document's line N4)Footnotes of the Form 4 filed Aug 19, 2025 ↗
  12. Footnote F3 of the Form 4 filed Aug 19, 2025 (it is attached to that document's line N10)Footnotes of the Form 4 filed Aug 19, 2025 ↗
  13. Meta Form 4 0000950103-25-010475, line 5exercise of a derivative security (code M): 6,791 shares acquired on Aug 15, 2025 at $0 per share; held indirectly (Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012); 95,161 owned after the lineOur database
  14. Meta Form 4 0000950103-25-010475: shares afterafter the last sale line the form states 84141 shares of Class A Common Stock held indirectly (Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012)Our database
  15. Meta Form 4 0000950103-25-010475: ownerSusan J. Li (filed as LI SUSAN J)Our database
  16. Meta Form 4 0000950103-25-010475: relationshipofficer (Chief Financial Officer)Our database
  17. Meta Form 4 0000950103-25-010475: filed onAug 19, 2025Our database

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The record

Issuer
Meta (CIK 1326801, filed as Meta Platforms, Inc.)
Form
4
Accession
0000950103-25-010475
Filed
Aug 19, 2025
Period of report
Aug 15, 2025
Reporting owner
Susan J. Li (CIK 1739092, filed as LI SUSAN J)
Relationship
officer (Chief Financial Officer)
Rule 10b5-1 checkbox
Ticked
Line 1
C (conversion of a derivative security) · 2,399 Class A Common Stock at $0.00 · Aug 15, 2025 · acquired, indirectly, Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 · 86,540 held after
Line 2
C (conversion of a derivative security) · 1,889 Class A Common Stock at $0.00 · Aug 15, 2025 · acquired, indirectly, Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 · 88,429 held after
Line 3
C (conversion of a derivative security) · 4,103 Class A Common Stock at $0.00 · Aug 15, 2025 · acquired, indirectly, Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 · 92,532 held after
Line 4
S (sale) · 4,162 Class A Common Stock at $782.13 · Aug 15, 2025 · disposed, indirectly, Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 · 88,370 held after · footnote F1
Line 5
M (exercise of a derivative security) · 6,791 Class A Common Stock at $0.00 · Aug 15, 2025 · acquired, indirectly, Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 · 95,161 held after
Line 6
M (exercise of a derivative security) · 2,680 Class A Common Stock at $0.00 · Aug 15, 2025 · acquired, indirectly, Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 · 97,841 held after
Line 7
M (exercise of a derivative security) · 1,782 Class A Common Stock at $0.00 · Aug 15, 2025 · acquired, indirectly, Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 · 99,623 held after
Line 8
F (payment of an exercise price or tax in shares) · 5,580 Class A Common Stock at $782.13 · Aug 15, 2025 · disposed, indirectly, Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 · 94,043 held after · footnote F2
Line 9
C (conversion of a derivative security) · 5,470 Class A Common Stock at $0.00 · Aug 15, 2025 · acquired, indirectly, Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 · 99,513 held after
Line 10
S (sale) · 2,713 Class A Common Stock at $782.13 · Aug 15, 2025 · disposed, indirectly, Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 · 96,800 held after · footnote F3
Line 11
M (exercise of a derivative security) · 6,791 Class A Common Stock at $0.00 · Aug 15, 2025 · acquired, indirectly, Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 · 103,591 held after
Line 12
M (exercise of a derivative security) · 2,680 Class A Common Stock at $0.00 · Aug 15, 2025 · acquired, indirectly, Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 · 106,271 held after
Line 13
M (exercise of a derivative security) · 1,782 Class A Common Stock at $0.00 · Aug 15, 2025 · acquired, indirectly, Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 · 108,053 held after
Line 14
F (payment of an exercise price or tax in shares) · 5,580 Class A Common Stock at $782.13 · Aug 15, 2025 · disposed, indirectly, Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 · 102,473 held after · footnote F4
Line 15
S (sale) · 1,701 Class A Common Stock at $759.1526 · Aug 18, 2025 · disposed, indirectly, Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 · 100,772 held after · footnotes F5 and F6
Line 16
S (sale) · 2,207 Class A Common Stock at $760.0467 · Aug 18, 2025 · disposed, indirectly, Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 · 98,565 held after · footnotes F5 and F7
Line 17
S (sale) · 1,278 Class A Common Stock at $761.1409 · Aug 18, 2025 · disposed, indirectly, Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 · 97,287 held after · footnotes F5 and F8
Line 18
S (sale) · 1,967 Class A Common Stock at $762.5416 · Aug 18, 2025 · disposed, indirectly, Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 · 95,320 held after · footnotes F5 and F9
Line 19
S (sale) · 2,857 Class A Common Stock at $763.9431 · Aug 18, 2025 · disposed, indirectly, Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 · 92,463 held after · footnotes F5 and F10
Line 20
S (sale) · 922 Class A Common Stock at $765.0762 · Aug 18, 2025 · disposed, indirectly, Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 · 91,541 held after · footnotes F5 and F11
Line 21
S (sale) · 2,681 Class A Common Stock at $765.8109 · Aug 18, 2025 · disposed, indirectly, Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 · 88,860 held after · footnotes F5 and F12
Line 22
S (sale) · 1,039 Class A Common Stock at $766.8551 · Aug 18, 2025 · disposed, indirectly, Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 · 87,821 held after · footnotes F5 and F13
Line 23
S (sale) · 100 Class A Common Stock at $767.85 · Aug 18, 2025 · disposed, indirectly, Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 · 87,721 held after · footnote F5
Line 24
S (sale) · 539 Class A Common Stock at $769.9062 · Aug 18, 2025 · disposed, indirectly, Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 · 87,182 held after · footnotes F5 and F14
Line 25
S (sale) · 1,729 Class A Common Stock at $771.0611 · Aug 18, 2025 · disposed, indirectly, Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 · 85,453 held after · footnotes F5 and F15
Line 26
S (sale) · 605 Class A Common Stock at $772.1699 · Aug 18, 2025 · disposed, indirectly, Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 · 84,848 held after · footnotes F5 and F16
Line 27
S (sale) · 707 Class A Common Stock at $774.0388 · Aug 18, 2025 · disposed, indirectly, Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012 · 84,141 held after · footnotes F5 and F17
Derivative line 1
C (conversion of a derivative security) · 2,399 Restricted Stock Units (RSU) (Class A) at $0.00 · Aug 15, 2025 · disposed, directly · 21,595 held after · footnotes F19 and F20
Derivative line 2
C (conversion of a derivative security) · 1,889 Restricted Stock Units (RSU) (Class A) at $0.00 · Aug 15, 2025 · disposed, directly · 24,546 held after · footnotes F19 and F21
Derivative line 3
C (conversion of a derivative security) · 4,103 Restricted Stock Units (RSU) (Class A) at $0.00 · Aug 15, 2025 · disposed, directly · 8,206 held after · footnotes F19 and F22
Derivative line 4
M (exercise of a derivative security) · 6,791 Restricted Stock Units (RSU) (Class A) at $0.00 · Aug 15, 2025 · disposed, directly · 40,746 held after · footnotes F19 and F23
Derivative line 5
M (exercise of a derivative security) · 2,680 Restricted Stock Units (RSU) (Class A) at $0.00 · Aug 15, 2025 · disposed, directly · 26,794 held after · footnotes F19 and F24
Derivative line 6
M (exercise of a derivative security) · 1,782 Restricted Stock Units (RSU) (Class A) at $0.00 · Aug 15, 2025 · disposed, directly · 24,954 held after · footnotes F19 and F25
Derivative line 7
C (conversion of a derivative security) · 5,470 Restricted Stock Units (RSU) (Class A) at $0.00 · Aug 15, 2025 · disposed, indirectly, By Spouse · 10,941 held after · footnotes F19, F26 and F27
Derivative line 8
M (exercise of a derivative security) · 6,791 Restricted Stock Units (RSU) (Class A) at $0.00 · Aug 15, 2025 · disposed, indirectly, By Spouse · 40,746 held after · footnotes F19, F27 and F28
Derivative line 9
M (exercise of a derivative security) · 2,680 Restricted Stock Units (RSU) (Class A) at $0.00 · Aug 15, 2025 · disposed, indirectly, By Spouse · 26,794 held after · footnotes F19, F27 and F29
Derivative line 10
M (exercise of a derivative security) · 1,782 Restricted Stock Units (RSU) (Class A) at $0.00 · Aug 15, 2025 · disposed, indirectly, By Spouse · 24,954 held after · footnotes F19, F27 and F30
Footnote 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.
Footnote 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.
Footnote 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.
Footnote 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.
Footnote F5
The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 12, 2025.
Footnote F6
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $758.56 to $759.52 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 $759.64 to $760.62 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 $760.875 to $761.77 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 $762.14 to $763.06 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 F10
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $763.43 to $764.39 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 $764.44 to $765.41 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 $765.52 to $766.50 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 F13
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $766.525 to $767.215 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 $769.59 to $770.46 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 F15
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $770.71 to $771.47 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.
Footnote F16
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $772.00 to $772.47 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.
Footnote F17
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $773.805 to $774.55 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
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.
Footnote F19
Each RSU represents a contingent right to receive 1 share of the Issuer's Class A Common Stock upon settlement.
Footnote F20
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.
Footnote F21
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.
Footnote F22
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.
Footnote F23
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.
Footnote F24
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.
Footnote F25
The RSUs vest quarterly as to 1/16th of the total RSUs, beginning on May 15, 2025, subject to continued service through each vesting date.
Footnote F26
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.
Footnote F27
The Reporting Person disclaims Section 16 beneficial ownership over the securities reported except to the extent of her pecuniary interest therein, if any.
Footnote F28
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.
Footnote F29
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.
Footnote F30
The RSUs vest quarterly as to 1/16th of the total RSUs, beginning on May 15, 2025, subject to continued service through each vesting date.
Open the source ↗

Insider purchases and sales of Meta shares, 12 months

Total$1.61 billion sold
Mark Zuckerberg · sold, held indirectly$1.37 billion
Christopher K. Cox · sold, held indirectly$114.83 million
Susan J. Li · sold, held indirectly$41.44 million
Andrew Bosworth · sold$31.52 million
Jennifer Newstead · sold$25.62 million
Javier Olivan · sold$15.51 million
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Revenue$200.97 billionYear to Dec 31, 2025 · +22.17% year over year
Operating income$83.28 billionYear to Dec 31, 2025 · +20.03% year over year
Net income$60.46 billionYear to Dec 31, 2025 · −3.05% year over year

Source: SEC EDGAR XBRL financial data · filed Oct 22, 2026

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