Summary by Futu AI
Meta Platforms, Inc. officer Jennifer Newstead plans to sell 905 Class A Common Shares on 12/10/2024, with an aggregate market value of $559,290. The shares were acquired on 11/15/2023 through a Restricted Stock Unit Lapse as part of equity compensation.This sale is part of a larger pattern of stock disposals by Newstead. Over the past three months, she has sold a total of 10,856 shares, generating gross proceeds of $6,157,034. These sales occurred in regular intervals, with 905 shares sold weekly from 09/10/2024 to 12/03/2024, except for a 901-share sale on 11/05/2024.The planned sale on 12/10/2024 is in accordance with a trading plan adopted on 11/30/2023, indicating a predetermined schedule for these transactions. This systematic approach to stock sales is common among corporate executives for portfolio management and tax planning purposes.