Meta Platforms Inc.

11/19/2024 | Press release | Distributed by Public on 11/19/2024 17:40

Statement of Changes in Beneficial Ownership - Form 4

Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
LI SUSAN J
2. Issuer Name and Ticker or Trading Symbol
Meta Platforms, Inc. [META]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief Financial Officer
(Last) (First) (Middle)
C/O META PLATFORMS, INC., 1 META WAY
3. Date of Earliest Transaction (Month/Day/Year)
11/15/2024
(Street)
MENLO PARK, CA 94025
4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 11/15/2024 C 2,399 A $ 0 49,168 I Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock 11/15/2024 C 1,888 A $ 0 51,056 I Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock 11/15/2024 C 1,180 A $ 0 52,236 I Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock 11/15/2024 C 4,103 A $ 0 56,339 I Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock 11/15/2024 S 4,748(1) D $577.16 51,591 I Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock 11/15/2024 M 6,791 A $ 0 58,382 I Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock 11/15/2024 M 2,680 A $ 0 61,062 I Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock 11/15/2024 F 4,696(2) D $577.16 56,366 I Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock 11/15/2024 C 3,005 A $ 0 59,371 I Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock 11/15/2024 C 5,470 A $ 0 64,841 I Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock 11/15/2024 S 4,203(3) D $577.16 60,638 I Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock 11/15/2024 M 6,791 A $ 0 67,429 I Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock 11/15/2024 M 2,680 A $ 0 70,109 I Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock 11/15/2024 F 4,696(4) D $577.16 65,413 I Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock 11/18/2024 S(5) 3,780 D $552.5536(6) 61,633 I Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock 11/18/2024 S(5) 9,166 D $553.2981(7) 52,467 I Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock 11/18/2024 S(5) 4,106 D $554.3649(8) 48,361 I Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock 11/18/2024 S(5) 1,592 D $555.2549(9) 46,769 I Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Class A Common Stock 22,988 I Li-Hegeman Family Foundation(10)
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (RSU) (Class A) (11) 11/15/2024 C 2,399 (12) (12) Class A Common Stock 2,399 $ 0 28,793 D
Restricted Stock Units (RSU) (Class A) (11) 11/15/2024 C 1,888 (13) (13) Class A Common Stock 1,888 $ 0 30,211 D
Restricted Stock Units (RSU) (Class A) (11) 11/15/2024 C 1,180 (14) (14) Class A Common Stock 1,180 $ 0 1,181 D
Restricted Stock Units (RSU) (Class A) (11) 11/15/2024 C 4,103 (15) (15) Class A Common Stock 4,103 $ 0 20,514 D
Restricted Stock Units (RSU) (Class A) (11) 11/15/2024 M 6,791 (16) (16) Class A Common Stock 6,791 $ 0 61,119 D
Restricted Stock Units (RSU) (Class A) (11) 11/15/2024 M 2,680 (17) (17) Class A Common Stock 2,680 $ 0 34,832 D
Restricted Stock Units (RSU) (Class A) (11) 11/15/2024 C 3,005 (18) (18) Class A Common Stock 3,005 $ 0 3,005 I By Spouse(19)
Restricted Stock Units (RSU) (Class A) (11) 11/15/2024 C 5,470 (20) (20) Class A Common Stock 5,470 $ 0 27,352 I By Spouse(19)
Restricted Stock Units (RSU) (Class A) (11) 11/15/2024 M 6,791 (21) (21) Class A Common Stock 6,791 $ 0 61,119 I By Spouse(19)
Restricted Stock Units (RSU) (Class A) (11) 11/15/2024 M 2,680 (22) (22) Class A Common Stock 2,680 $ 0 34,832 I By Spouse(19)

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
LI SUSAN J
C/O META PLATFORMS, INC.
1 META WAY
MENLO PARK, CA 94025
Chief Financial Officer

Signatures

/s/ Erin Guldiken, attorney-in-fact for Susan J. Li 11/19/2024
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Represents the number of shares of Class A Common Stock that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the Reporting Person's Restricted Stock Units ("RSUs") and does not represent an open market sale.
(2) Represents the number of shares of Class A Common Stock that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the Reporting Person's RSUs and does not represent a sale.
(3) Represents the number of shares of Class A Common Stock that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the Reporting Person's spouse's RSUs and does not represent an open market sale.
(4) Represents the number of shares of Class A Common Stock that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the Reporting Person's spouse's RSUs and does not represent a sale.
(5) The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 28, 2024.
(6) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $551.89 to $552.885 per share. The holder undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
(7) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $552.91 to $553.855 per share. The holder undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
(8) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $553.91 to $554.83 per share. The holder undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
(9) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $554.92 to $555.63 per share. The holder undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
(10) Shares held of record by the Li-Hegeman Family Foundation (the "Foundation"). The reporting person is deemed to have voting and investment power over the shares held by the Foundation, but has no pecuniary interest in these shares.
(11) Each RSU represents a contingent right to receive 1 share of the Issuer's Class A Common Stock upon settlement.
(12) The RSUs vest quarterly as to 1/20th of the total RSUs, beginning on February 15, 2023, subject to continued service through each vesting date.
(13) The RSUs vest quarterly as to 1/20th of the total RSUs, beginning on February 15, 2024, subject to continued service through each vesting date.
(14) The RSUs vest quarterly as to 1/16th of the total RSUs, beginning on May 15, 2021, subject to continued service through each vesting date.
(15) The RSUs vest quarterly as to 1/16th of the total RSUs, beginning on May 15, 2022, subject to continued service through each vesting date.
(16) The RSUs vest quarterly as to 1/16th of the total RSUs, beginning on May 15, 2023, subject to continued service through each vesting date.
(17) The RSUs vest quarterly as to 1/16th of the total RSUs, beginning on May 15, 2024, subject to continued service through each vesting date.
(18) The RSUs vest quarterly as to 1/16th of the total RSUs, beginning on May 15, 2021, subject to continued service through each vesting date.
(19) The Reporting Person disclaims Section 16 beneficial ownership over the securities reported except to the extent of her pecuniary interest therein, if any.
(20) The RSUs vest quarterly as to 1/16th of the total RSUs, beginning on May 15, 2022, subject to continued service through each vesting date.
(21) The RSUs vest quarterly as to 1/16th of the total RSUs, beginning on May 15, 2023, subject to continued service through each vesting date.
(22) The RSUs vest quarterly as to 1/16th of the total RSUs, beginning on May 15, 2024, subject to continued service through each vesting date.
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.