Summary by Futu AI
Mark Zuckerberg, CEO and co-founder of Meta Platforms, plans to sell 34,472 Class A common shares on December 18, 2024, with an estimated market value of $21,326,505. This transaction is part of a pre-arranged trading plan adopted on August 9, 2024.The shares to be sold originate from Zuckerberg's founder stock purchase in 2004 (12,437 shares) and a stock option exercise in 2012 (22,035 shares). Over the past three months, Zuckerberg has sold 396,127 shares, generating total gross proceeds of $245,620,010.Zuckerberg's recent selling activity includes multiple transactions of 35,921 shares each between December 3 and December 17, 2024, with individual gross proceeds ranging from $21.8 million to $22.7 million per transaction. This consistent selling pattern suggests a structured divestment strategy aligned with the pre-arranged trading plan.