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Meta Platforms | 4: Statement of changes in beneficial ownership of securities-Officer Zuckerberg Mark

SEC ·  Dec 19 09:39

Summary by Futu AI

Mark Zuckerberg, CEO and Chairman of Meta Platforms, is set to sell 12,437 shares of Class A Common Stock on December 18, 2024. The transactions will be executed through the Chan Zuckerberg Initiative Foundation, indicating indirect ownership.The sales will occur in multiple tranches, with prices ranging from $601.25 to $626.29 per share. The total market value of the disposed shares is approximately $7.69 million. After these transactions, Zuckerberg's indirect beneficial ownership through the foundation will decrease to 503,842 shares.This series of sales represents a small portion of Zuckerberg's overall holdings in Meta Platforms. The transactions are scheduled for a future date, suggesting a pre-planned divestment strategy, possibly for philanthropic purposes given the involvement of the Chan Zuckerberg Initiative Foundation.
Mark Zuckerberg, CEO and Chairman of Meta Platforms, is set to sell 12,437 shares of Class A Common Stock on December 18, 2024. The transactions will be executed through the Chan Zuckerberg Initiative Foundation, indicating indirect ownership.The sales will occur in multiple tranches, with prices ranging from $601.25 to $626.29 per share. The total market value of the disposed shares is approximately $7.69 million. After these transactions, Zuckerberg's indirect beneficial ownership through the foundation will decrease to 503,842 shares.This series of sales represents a small portion of Zuckerberg's overall holdings in Meta Platforms. The transactions are scheduled for a future date, suggesting a pre-planned divestment strategy, possibly for philanthropic purposes given the involvement of the Chan Zuckerberg Initiative Foundation.

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