[Form 4] Meta Platforms, Inc. Insider Trading Activity

Q: How many Meta (META) shares did Mark Zuckerberg sell on 26 June 2025?

The Form 4 reports the sale of 13,793 Class A shares.

Q: What was the price range of the META shares sold?

Weighted-average prices ranged from $712.23 to $727.64 per share.

Q: Was the META insider sale part of a 10b5-1 trading plan?

Yes. All transactions were executed under a Rule 10b5-1 plan adopted on 1 Feb 2025.

Q: How many Meta shares does Mark Zuckerberg still control after the sale?

He retains indirect control over about 342.6 million Class B shares, plus 43,740 Class A shares held by the foundation.

Filing Impact

(High)

Filing Sentiment

(Very Negative)

Form Type

Rhea-AI Filing Summary

Meta Platforms, Inc. (META) – Form 4 insider transaction

On 26 June 2025, Mark Zuckerberg, Chair and Chief Executive Officer of Meta Platforms, reported the sale of 13,793 Class A common shares that were held by the Chan Zuckerberg Initiative Foundation ("CZI Foundation"). The disposition was executed under a Rule 10b5-1 trading plan adopted on 1 February 2025, signalling the transactions were pre-scheduled and not based on contemporaneous, non-public information.

The shares were sold in 15 individual trades at weighted-average prices between $712.23 and $727.64 per share, generating gross proceeds of roughly $10 million for the CZI Foundation. Following the sales, the foundation’s direct holding of Meta Class A shares declined to 43,740 shares.

No derivative securities were exercised or disposed of in this filing. Zuckerberg continues to exercise indirect control over sizeable Class B holdings—approximately 342.6 million Class B shares owned through various entities (CZI Holdings, multiple Chan Zuckerberg Holdings LLCs, and related trusts). Class B shares are convertible 1-for-1 into Class A shares and confer 10 votes per share, preserving Zuckerberg’s voting control.

The filing is limited to the reported sales; it contains no forward-looking statements, operational metrics or financial results. The modest scale of the sale relative to Zuckerberg’s overall ownership and the use of a 10b5-1 plan reduce its potential market impact, though investors may note the ongoing pattern of philanthropic-related disposals.

Positive

Pre-scheduled Rule 10b5-1 plan reduces insider-timing concerns and enhances transparency.
Sale size is immaterial relative to Zuckerberg’s overall holdings, limiting market impact.
Filings detail weighted-average price ranges, providing price transparency for investors.

Negative

Continued insider selling, even if small and philanthropic, can be perceived as incremental supply.
No information on business fundamentals accompanies the filing, offering limited insight for valuation.

Insights

TL;DR: ~13.8k shares sold for ≈$10 m under pre-set 10b5-1 plan; immaterial to control or float.

The transaction represents less than 0.01 % of Zuckerberg’s total beneficial ownership and was executed through the CZI Foundation, in which he reports no pecuniary interest. Because the sales were made under a pre-arranged Rule 10b5-1 plan, they carry minimal signalling risk regarding Meta’s fundamentals. Zuckerberg retains voting dominance through >342 million Class B shares, so corporate governance dynamics remain unchanged. From a liquidity standpoint, the additional 13,793 shares entering the public float is negligible. Overall impact on valuation or sentiment should be neutral.

TL;DR: Routine philanthropic sale; no change to Zuckerberg’s outsized voting power.

This Form 4 highlights Meta’s dual-class structure. Despite recurring sales, Zuckerberg’s grip on voting control continues via multiple LLCs and trusts. The disclosure of the 10b5-1 plan and weighted-average pricing promotes transparency, mitigating governance concerns. Investors focused on potential overhang should note that the foundation’s remaining Class A stake is modest. No red flags emerge from a control or compliance perspective.

06/30/2025 - 06:15 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^*

Zuckerberg Mark

(Last)

(First)

(Middle)

C/O META PLATFORMS, INC.

1 META WAY

(Street)

MENLO PARK

94025

(City)

(State)

(Zip)

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

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

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	COB and CEO

3. Date of Earliest Transaction (Month/Day/Year)
06/26/2025

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

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

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

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	06/26/2025		S⁽¹⁾		1,008	D	$712.5517⁽²⁾	56,525	I	By Chan Zuckerberg Initiative Foundation⁽³⁾
Class A Common Stock	06/26/2025		S⁽¹⁾		529	D	$713.767⁽⁴⁾	55,996	I	By Chan Zuckerberg Initiative Foundation⁽³⁾
Class A Common Stock	06/26/2025		S⁽¹⁾		355	D	$714.7915⁽⁵⁾	55,641	I	By Chan Zuckerberg Initiative Foundation⁽³⁾
Class A Common Stock	06/26/2025		S⁽¹⁾		200	D	$715.87⁽⁶⁾	55,441	I	By Chan Zuckerberg Initiative Foundation⁽³⁾
Class A Common Stock	06/26/2025		S⁽¹⁾		300	D	$716.88⁽⁷⁾	55,141	I	By Chan Zuckerberg Initiative Foundation⁽³⁾
Class A Common Stock	06/26/2025		S⁽¹⁾		492	D	$718.2876⁽⁸⁾	54,649	I	By Chan Zuckerberg Initiative Foundation⁽³⁾
Class A Common Stock	06/26/2025		S⁽¹⁾		585	D	$719.2351⁽⁹⁾	54,064	I	By Chan Zuckerberg Initiative Foundation⁽³⁾
Class A Common Stock	06/26/2025		S⁽¹⁾		1,093	D	$720.4317⁽¹⁰⁾	52,971	I	By Chan Zuckerberg Initiative Foundation⁽³⁾
Class A Common Stock	06/26/2025		S⁽¹⁾		687	D	$721.2683⁽¹¹⁾	52,284	I	By Chan Zuckerberg Initiative Foundation⁽³⁾
Class A Common Stock	06/26/2025		S⁽¹⁾		892	D	$722.4696⁽¹²⁾	51,392	I	By Chan Zuckerberg Initiative Foundation⁽³⁾
Class A Common Stock	06/26/2025		S⁽¹⁾		1,242	D	$723.5531⁽¹³⁾	50,150	I	By Chan Zuckerberg Initiative Foundation⁽³⁾
Class A Common Stock	06/26/2025		S⁽¹⁾		839	D	$724.6775⁽¹⁴⁾	49,311	I	By Chan Zuckerberg Initiative Foundation⁽³⁾
Class A Common Stock	06/26/2025		S⁽¹⁾		2,755	D	$725.7387⁽¹⁵⁾	46,556	I	By Chan Zuckerberg Initiative Foundation⁽³⁾
Class A Common Stock	06/26/2025		S⁽¹⁾		2,288	D	$726.7083⁽¹⁶⁾	44,268	I	By Chan Zuckerberg Initiative Foundation⁽³⁾
Class A Common Stock	06/26/2025		S⁽¹⁾		528	D	$727.5148⁽¹⁷⁾	43,740	I	By Chan Zuckerberg Initiative Foundation⁽³⁾

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)
Class B Common Stock⁽¹⁸⁾	⁽¹⁸⁾							⁽¹⁸⁾	⁽¹⁸⁾	Class A Common Stock	160,156,987		160,156,987	I	By CZI Holdings, LLC⁽¹⁹⁾
Class B Common Stock⁽¹⁸⁾	⁽¹⁸⁾							⁽¹⁸⁾	⁽¹⁸⁾	Class A Common Stock	3,388,097		3,388,097	I	By Mark Zuckerberg, Trustee Of The Mark Zuckerberg Trust Dated July 7, 2006⁽²⁰⁾
Class B Common Stock⁽¹⁸⁾	⁽¹⁸⁾							⁽¹⁸⁾	⁽¹⁸⁾	Class A Common Stock	17,061,801		17,061,801	I	By Chan Zuckerberg Holdings, LLC⁽²¹⁾
Class B Common Stock⁽¹⁸⁾	⁽¹⁸⁾							⁽¹⁸⁾	⁽¹⁸⁾	Class A Common Stock	12,000,000		12,000,000	I	By CZI Holdings I, LLC⁽²²⁾
Class B Common Stock⁽¹⁸⁾	⁽¹⁸⁾							⁽¹⁸⁾	⁽¹⁸⁾	Class A Common Stock	50,000,000		50,000,000	I	By Chan Zuckerberg Holdings II, LLC⁽²³⁾
Class B Common Stock⁽¹⁸⁾	⁽¹⁸⁾							⁽¹⁸⁾	⁽¹⁸⁾	Class A Common Stock	50,000,000		50,000,000	I	By Chan Zuckerberg Holdings III, LLC⁽²⁴⁾
Class B Common Stock⁽¹⁸⁾	⁽¹⁸⁾							⁽¹⁸⁾	⁽¹⁸⁾	Class A Common Stock	100		100	I	CZ Management, LLC⁽²⁵⁾
Class B Common Stock⁽¹⁸⁾	⁽¹⁸⁾							⁽¹⁸⁾	⁽¹⁸⁾	Class A Common Stock	50,000,000		50,000,000	I	By Chan Zuckerberg Holdings IV, LLC⁽²⁶⁾

Explanation of Responses:

1. 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 February 1, 2025.

2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $712.225 to $712.99 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.

3. 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.

4. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $713.30 to $714.17 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.

5. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $714.34 to $715.23 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.

6. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $715.56 to $716.18 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.

7. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $716.59 to $717.37 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.

8. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $717.88 to $718.67 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.

9. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $718.92 to $719.74 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.

10. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $719.92 to $720.85 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.

11. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $721.12 to $721.79 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.

12. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $722.12 to $723.00 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.

13. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $723.14 to $724.10 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.

14. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $724.19 to $725.09 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.

15. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $725.21 to $726.205 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.

16. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $726.225 to $727.22 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.

17. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $727.23 to $727.64 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.

18. 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.

19. 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.

20. Shares held of record by Mark Zuckerberg, Trustee of the 2006 Trust.

21. 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.

22. 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.

23. 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.

24. 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.

25. Shares held of record by CZ Management, LLC ("CZ Management"), 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 Management.

26. Shares held of record by Chan Zuckerberg Holdings IV, LLC ("CZ Holdings IV"), 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 IV.

	/s/ Erin Guldiken, attorney-in-fact for Mark Zuckerberg	06/30/2025
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

How many Meta (META) shares did Mark Zuckerberg sell on 26 June 2025?

The Form 4 reports the sale of 13,793 Class A shares.

What was the price range of the META shares sold?

Weighted-average prices ranged from $712.23 to $727.64 per share.

Was the META insider sale part of a 10b5-1 trading plan?

Yes. All transactions were executed under a Rule 10b5-1 plan adopted on 1 Feb 2025.

How many Meta shares does Mark Zuckerberg still control after the sale?

He retains indirect control over about 342.6 million Class B shares, plus 43,740 Class A shares held by the foundation.

Does this filing affect Mark Zuckerberg’s voting power at Meta Platforms?

No. The small Class A sale does not affect his Class B holdings, so voting control remains unchanged.

[Form 4] Meta Platforms, Inc. Insider Trading Activity

Insights

FAQ

How many Meta (META) shares did Mark Zuckerberg sell on 26 June 2025?

What was the price range of the META shares sold?

Was the META insider sale part of a 10b5-1 trading plan?

How many Meta shares does Mark Zuckerberg still control after the sale?

Does this filing affect Mark Zuckerberg’s voting power at Meta Platforms?

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[Form 4] Meta Platforms, Inc. Insider Trading Activity

Insights

Senior Securities Analyst neutral

Corporate Governance Specialist neutral

FAQ

How many Meta (META) shares did Mark Zuckerberg sell on 26 June 2025?

What was the price range of the META shares sold?

Was the META insider sale part of a 10b5-1 trading plan?

How many Meta shares does Mark Zuckerberg still control after the sale?

Does this filing affect Mark Zuckerberg’s voting power at Meta Platforms?

NASDAQ:META

META Rankings

META Latest News

META Latest SEC Filings

META Stock Data