Summary by Futu AI
Mark Zuckerberg, the COB & CEO of Meta Platforms, Inc., and a major shareholder, has filed an announcement indicating plans to sell 16,702 Class A Common Shares of the company. The sale is expected to occur on 06/28/2024, with an aggregate market value of approximately $8,600,855. 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 251,081 shares, amounting to gross proceeds of $126,018,415. The notice for the upcoming sale was filed on the same day as the planned sale date, with the plan for this transaction having been adopted earlier on 02/21/2024.