Summary by Futu AI
Mark Zuckerberg, CEO and Co-founder of Meta Platforms, plans to sell 35,921 Class A Common Shares on 12/09/2024, with an estimated market value of $22,068,185. This transaction is part of a pre-arranged trading plan adopted on 08/09/2024.The shares to be sold originate from Zuckerberg's founder stock purchase in 2004 (12,975 shares) and a 2012 option exercise (22,946 shares). Over the past three months, Zuckerberg has sold 144,680 shares for total gross proceeds of $88,704,963, with significant sales occurring in early December 2024.Zuckerberg maintains his position as an officer, director, and 10% stockholder of Meta Platforms. The consistent selling pattern suggests a structured divestment strategy, likely for portfolio diversification or personal financial planning purposes.