Summary by Futu AI
Mark Zuckerberg, Meta Platforms Inc.'s CEO and a major shareholder, is set to sell 16,702 Class A common shares of the company on June 10, 2024. These shares, originally acquired on October 7, 2004, as founder stock, have an aggregate market value of approximately $8.37 million. This transaction follows a series of sales over the past three months, where Zuckerberg sold over 1 million shares for total gross proceeds nearing $532 million. The upcoming sale is in line with a plan adopted on February 21, 2024.