Summary by Futu AI
Mark Zuckerberg, CEO and co-founder of Meta Platforms, plans to sell 35,921 Class A common shares on December 17, 2024, with an estimated market value of $22.3 million. This transaction is part of a pre-arranged trading plan adopted on August 9, 2024.Over the past three months, Zuckerberg has sold a total of 360,206 shares, generating gross proceeds of $223.3 million. The recent sales include multiple transactions of 35,921 shares each from December 3 to December 16, 2024, with proceeds ranging from $21.8 million to $22.7 million per transaction.Zuckerberg's shareholding originates from founder stock purchased in 2004 and stock options exercised in 2012. As an officer, director, and 10% stockholder, Zuckerberg's trading activities are closely monitored for their potential impact on Meta's stock performance.