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Meta Platforms | 144: Notice of proposed sale of securities pursuant to Rule 144

SEC ·  Dec 11 05:25

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.
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.

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