Were Javier Olivan’s META share sales made under a Rule 10b5-1 plan?

Yes. A footnote states the sales were effected under a Rule 10b5-1 trading plan adopted on November 17, 2025. Such plans are pre-arranged, indicating the trade timing was set in advance rather than decided on the transaction date.

Meta (META) COO Javier Olivan sells 1,555 shares via Rule 10b5-1 plan

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Meta Platforms Chief Operating Officer Javier Olivan reported open-market sales totaling 1,555 shares of Meta Class A common stock at $604.57 per share on May 11, 2026. The transactions were executed by a family revocable trust, several related LLCs, and directly held shares.

These sales were carried out under a pre-arranged Rule 10b5-1 trading plan adopted on November 17, 2025, indicating the timing was set in advance. Following the direct sale of 926 shares, Olivan’s directly held balance was 6,853 shares, in addition to indirect holdings through the family entities.

Insider Trade Summary 10b5-1

Net Seller: 1,555 shares ($940,106)

Net Sell 5 txns

Insider Olivan Javier

Role Chief Operating Officer

Sold 1,555 shs ($940K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	926	$604.57	$560K
Sale	Class A Common Stock	82	$604.57	$50K
Sale	Class A Common Stock	57	$604.57	$34K
Sale	Class A Common Stock	82	$604.57	$50K
Sale	Class A Common Stock	408	$604.57	$247K

Holdings After Transaction: Class A Common Stock — 6,853 shares (Direct, null); Class A Common Stock — 7,556 shares (Indirect, By Olivan D LLC)

Footnotes (1)

The sale reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 17, 2025. Shares held of record by the reporting person, manager of Olivan D LLC. Shares held of record by the reporting person and his spouse, managers of Olivan Reinhold D LLC. Shares held of record by the reporting person's spouse, manager of Reinhold D LLC. Shares held of record by the reporting person and his spouse, Co-Trustees of the Olivan Reinhold Family Revocable Trust u/a/d 10/16/12.

Key Figures

Total shares sold: 1,555 shares Sale price: $604.57 per share Direct shares sold: 926 shares +3 more

6 metrics

Total shares sold 1,555 shares Open-market sales on May 11, 2026

Sale price $604.57 per share Sale price for each reported transaction

Direct shares sold 926 shares Direct open-market sale on May 11, 2026

Direct holdings after sale 6,853 shares Direct Class A shares following the transaction

Trust holdings after sale 85,189 shares Olivan Reinhold Family Revocable Trust balance after sale

Reinhold D LLC holdings 7,556 shares Reinhold D LLC balance after sale

Key Terms

Rule 10b5-1 trading plan, Class A Common Stock, open-market sale, indirect ownership, +1 more

5 terms

Rule 10b5-1 trading plan regulatory

"The sale reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 17, 2025."

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

Class A Common Stock financial

"security_title: "Class A Common Stock""

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

open-market sale financial

"transaction_action: "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

indirect ownership financial

"ownership_type: "indirect" and nature_of_ownership entries for trusts and LLCs"

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

05/13/2026 - 06:12 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Olivan Javier

(Last)

(First)

(Middle)

C/O META PLATFORMS, INC.

1 META WAY

(Street)

MENLO PARK

CALIFORNIA

94025

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Meta Platforms, Inc. [ META ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Operating Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/11/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	05/11/2026		S⁽¹⁾		926	D	$604.57	6,853	D
Class A Common Stock	05/11/2026		S⁽¹⁾		82	D	$604.57	7,556	I	By Olivan D LLC⁽²⁾
Class A Common Stock	05/11/2026		S⁽¹⁾		57	D	$604.57	2,258	I	By Olivan Reinhold D LLC⁽³⁾
Class A Common Stock	05/11/2026		S⁽¹⁾		82	D	$604.57	7,556	I	By Reinhold D LLC⁽⁴⁾
Class A Common Stock	05/11/2026		S⁽¹⁾		408	D	$604.57	85,189	I	By Olivan Reinhold Family Revocable Trust u/a/d 10/16/12⁽⁵⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The sale reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 17, 2025.

2. Shares held of record by the reporting person, manager of Olivan D LLC.

3. Shares held of record by the reporting person and his spouse, managers of Olivan Reinhold D LLC.

4. Shares held of record by the reporting person's spouse, manager of Reinhold D LLC.

5. Shares held of record by the reporting person and his spouse, Co-Trustees of the Olivan Reinhold Family Revocable Trust u/a/d 10/16/12.

	/s/ Erin Guldiken, attorney-in-fact for Javier Olivan	05/13/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did META COO Javier Olivan report on this Form 4?

Javier Olivan reported selling 1,555 shares of Meta Class A common stock in open-market transactions at $604.57 per share. The sales occurred on May 11, 2026 across direct holdings and several family-related entities, including a revocable trust and LLCs.

At what price were Javier Olivan’s META shares sold on May 11, 2026?

All reported Meta Class A share sales were executed at $604.57 per share on May 11, 2026. This uniform price applied to transactions by the revocable trust, related LLCs, and Olivan’s directly held shares disclosed in the Form 4 filing.

How many META shares did Javier Olivan sell directly versus through entities?

The filing shows a direct open-market sale of 926 Meta shares, leaving 6,853 directly held shares. Additional shares were sold indirectly via the Olivan Reinhold Family Revocable Trust and several family-related LLCs, which together brought total reported sales to 1,555 shares.

What are Javier Olivan’s remaining direct META holdings after these sales?

After selling 926 Meta shares from his direct holdings, Javier Olivan’s directly held balance was 6,853 shares. The Form 4 also reports additional indirect holdings through family-related entities, including a revocable trust and LLCs, which are disclosed separately from the direct position.

Which entities associated with Javier Olivan sold META shares in this Form 4?

Reported sellers include the Olivan Reinhold Family Revocable Trust u/a/d 10/16/12, Reinhold D LLC, Olivan Reinhold D LLC, and Olivan D LLC. A separate line item covers a direct sale by Olivan, with each entity’s remaining share balance disclosed after the transactions.