Summary by Futu AI
Mark Zuckerberg, the COB & CEO of Meta Platforms, Inc., and a major shareholder, has filed an announcement indicating his intention to sell 16,702 Class A Common Shares of the company. The sale is expected to occur on 06/12/2024, with an aggregate market value of approximately $8,477,120. These shares were originally acquired on 10/07/2004 as founder stock. This transaction follows a series of sales over the past three months, where Zuckerberg sold a total of 1,026,893 shares, amounting to gross proceeds of $510,825,679. The notice for the planned sale was filed on the same day as the intended sale date, with the plan for this transaction having been adopted earlier on 02/21/2024.