Summary by Futu AI
Mark Zuckerberg, the COB & CEO of Meta Platforms, Inc., and a major shareholder, has filed an announcement indicating plans to sell 1,712 Class A Common Shares of the company. The sale is expected to occur on 07/16/2024, with an aggregate market value of approximately $859,892. These shares were originally acquired on 10/07/2004 as founder stock, a contribution to the company at its inception. This planned transaction follows a series of sales over the past three months, where Zuckerberg sold a total of 362,239 shares, amounting to gross proceeds of $185,270,939. The notice for the upcoming sale was filed on the same day as the planned sale date, with the plan for this transaction having been adopted earlier on 02/21/2024.