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 16,702 Class A Common Shares of the company. The sale is expected to occur on 06/14/2024, with an aggregate market value of approximately $8,406,859. These shares were originally acquired on 10/07/2004 as founder stock. This transaction follows a series of sales over the past three months, where Zuckerberg sold a total of 905,473 shares, amounting to gross proceeds of $451,008,911. The notice for the planned sale was filed on the same date as the intended sale, with the plan for this transaction having been adopted earlier on 02/21/2024.