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
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, 2026.1,2,3,4,5,6,7,8,9,10,11,12,13,14
How each figure was checked
- the issuerMeta
- 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 USD
- the side of the trades on the formsale
- shares sold on the form56,571
- first trade date on the formFeb 27, 2026
- last trade date on the formFeb 27, 2026
- average price per share of the sales (USD)$644.7
- value of the sales on the form (USD)$36.47 million
- 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)
- the reporting ownerSusan J. Li (filed as LI SUSAN J)
- the reporting owner's role as filedofficer (Chief Financial Officer)
- the footnote saying who held the shares and Li's interest in themForm 4 footnotes, Form 4 filed Mar 3, 2026 ↗
- the footnote naming the trading plan and the day it was adoptedNovember 25, 2025Form 4 footnotes, Form 4 filed Mar 3, 2026 ↗
- day the Form 4 was filedMar 3, 2026
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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.
Insider purchases and sales of Meta shares, 12 months
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