FilingsForm 4

Li-Hegeman Family Foundation sold $36.47 million of Meta stock on Feb 27, 2026, in a Form 4 filed for Meta chief financial officer Susan J. Li

Value$36.47 million, held indirectly
Shares56,571, held indirectly
Average price$644.70
FiledMar 3

The Li-Hegeman Family Foundation sold 56,571 Meta Class A shares on Feb 27, 2026, at an average of $644.70 a share for $36.47 million, according to a Form 4, the form an insider files when trading the company's shares. The form was filed for Susan J. Li, Meta's chief financial officer, and says Li is deemed to have voting and investment power over the foundation's shares but has no pecuniary interest in them. The form says the sales were made under a Rule 10b5-1 trading plan that Li adopted on Nov 25, 2025, and states 0 shares held indirectly by the foundation after the last sale line. The Form 4 was filed with the SEC on Mar 3, 2026.1234567891011121314

How each figure was checked14 facts
  1. the issuerMetaOur database
  2. the sale lines of the form by who held the sharesthe sale lines of this form, by who held the shares: Li-Hegeman Family Foundation (held indirectly): 56571 shares for 36471143.5045 USDOur database
  3. the side of the trades on the formsaleOur database
  4. shares sold on the form56,571Our database
  5. first trade date on the formFeb 27, 2026Our database
  6. last trade date on the formFeb 27, 2026Our database
  7. average price per share of the sales (USD)$644.7Our database
  8. value of the sales on the form (USD)$36.47 millionOur database
  9. shares held after the last sale lineafter the last sale line the form states 0 shares of Class A Common Stock held indirectly (Li-Hegeman Family Foundation)Our database
  10. the reporting ownerSusan J. Li (filed as LI SUSAN J)Our database
  11. the reporting owner's role as filedofficer (Chief Financial Officer)Our database
  12. the footnote saying who held the shares and Li's interest in themForm 4 footnotes, Form 4 filed Mar 3, 2026 ↗
  13. the footnote naming the trading plan and the day it was adoptedNovember 25, 2025Form 4 footnotes, Form 4 filed Mar 3, 2026 ↗
  14. day the Form 4 was filedMar 3, 2026Our database

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The record

Issuer
Meta (CIK 1326801, filed as Meta Platforms, Inc.)
Form
4
Accession
0000950103-26-003174
Filed
Mar 3, 2026
Period of report
Feb 27, 2026
Reporting owner
Susan J. Li (CIK 1739092, filed as LI SUSAN J)
Relationship
officer (Chief Financial Officer)
Rule 10b5-1 checkbox
Ticked
Line 1
S (sale) · 1,426 Class A Common Stock at $640.1058 · Feb 27, 2026 · disposed, indirectly, Li-Hegeman Family Foundation · 55,145 held after · footnotes F1, F2 and F3
Line 2
S (sale) · 4,176 Class A Common Stock at $641.2131 · Feb 27, 2026 · disposed, indirectly, Li-Hegeman Family Foundation · 50,969 held after · footnotes F1, F3 and F4
Line 3
S (sale) · 5,515 Class A Common Stock at $642.2646 · Feb 27, 2026 · disposed, indirectly, Li-Hegeman Family Foundation · 45,454 held after · footnotes F1, F3 and F5
Line 4
S (sale) · 7,392 Class A Common Stock at $643.2693 · Feb 27, 2026 · disposed, indirectly, Li-Hegeman Family Foundation · 38,062 held after · footnotes F1, F3 and F6
Line 5
S (sale) · 6,733 Class A Common Stock at $644.1153 · Feb 27, 2026 · disposed, indirectly, Li-Hegeman Family Foundation · 31,329 held after · footnotes F1, F3 and F7
Line 6
S (sale) · 11,306 Class A Common Stock at $645.2948 · Feb 27, 2026 · disposed, indirectly, Li-Hegeman Family Foundation · 20,023 held after · footnotes F1, F3 and F8
Line 7
S (sale) · 11,744 Class A Common Stock at $646.2509 · Feb 27, 2026 · disposed, indirectly, Li-Hegeman Family Foundation · 8,279 held after · footnotes F1, F3 and F9
Line 8
S (sale) · 5,135 Class A Common Stock at $647.0326 · Feb 27, 2026 · disposed, indirectly, Li-Hegeman Family Foundation · 3,144 held after · footnotes F1, F3 and F10
Line 9
S (sale) · 1,530 Class A Common Stock at $648.1629 · Feb 27, 2026 · disposed, indirectly, Li-Hegeman Family Foundation · 1,614 held after · footnotes F1, F3 and F11
Line 10
S (sale) · 1,614 Class A Common Stock at $648.8273 · Feb 27, 2026 · disposed, indirectly, Li-Hegeman Family Foundation · 0 held after · footnotes F1, F3 and F12
Footnote F1
The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 25, 2025.
Footnote F2
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $639.62 to $640.61 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 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 F4
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $640.66 to $641.65 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 $641.68 to $642.66 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 $642.68 to $643.66 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 $643.68 to $644.67 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 F8
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $644.70 to $645.66 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 $645.70 to $646.69 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 F10
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $646.70 to $647.69 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 F11
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $647.71 to $648.70 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 $648.71 to $649.03 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.
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Insider purchases and sales of Meta shares, 12 months

Total$458.4 million sold
Mark Zuckerberg · sold, held indirectly$211.3 million
Susan J. Li · sold, held indirectly$98 million
Christopher K. Cox · sold, held indirectly$71.13 million
Andrew Bosworth · sold$35.4 million
Javier Olivan · sold$18.57 million
Jennifer Newstead · sold$17.82 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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  1. SEC EDGAR, Form 4 filed Mar 3, 2026
  2. How we collect our data

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