Summary by Futu AI
Mark Zuckerberg, the COB & CEO of Meta Platforms, Inc., and a major shareholder, has filed an announcement indicating his intention to sell 31,465 Class A Common Shares of the company. The sale is expected to take place on April 1, 2024, with an aggregate market value of approximately $15,464,600. These shares were originally acquired on May 17, 2012, through an option exercise from Meta Platforms, Inc., and were paid for in cash. This transaction follows a series of sales over the past three months, where a total of 3,695,934 shares were sold, amounting to gross proceeds of $1,745,571,746. The notice for the planned sale was dated April 1, 2024, with the plan for this transaction having been adopted on July 31, 2023.