Form 4: Mark Zuckerberg's Foundation Sells Meta Shares Under Pre-Planned Trading Program

Mark Zuckerberg's Chan Zuckerberg Initiative Foundation executed sales of Meta Platforms Class A Common Stock on June 18, 2025, as part of a Rule 10b5-1 trading plan.

Summary

• Mark Zuckerberg, Chairman and CEO of Meta Platforms, Inc., reported sales of Class A Common Stock through the Chan Zuckerberg Initiative Foundation.
• A total of 2,468 shares were sold at a weighted average price of $700.3545 per share, with prices ranging from $700.00 to $700.99.
• An additional 285 shares were sold at a weighted average price of $701.1111 per share, with prices ranging from $701.04 to $701.20.
• These sales were conducted on June 18, 2025, under a Rule 10b5-1 trading plan adopted by Mr. Zuckerberg on February 1, 2025.
• Following these transactions, the CZI Foundation beneficially owns 85,619 shares of Class A Common Stock.
• Mr. Zuckerberg is deemed to have voting and investment power over the shares held by CZI Foundation but has no pecuniary interest in them.
• Mr. Zuckerberg also indirectly holds a substantial number of Class B Common Stock shares (convertible 1-for-1 into Class A Common Stock) through various entities, including CZI Holdings, LLC (160,156,987 shares), the Mark Zuckerberg Trust (3,388,097 shares), Chan Zuckerberg Holdings, LLC (17,061,801 shares), CZI Holdings I, LLC (12,000,000 shares), Chan Zuckerberg Holdings II, LLC (50,000,000 shares), Chan Zuckerberg Holdings III, LLC (50,000,000 shares), CZ Management, LLC (100 shares), and Chan Zuckerberg Holdings IV, LLC (50,000,000 shares).

Sentiment

Score: 5

Explanation: This is a neutral filing, reporting a routine, pre-scheduled insider stock sale under a 10b5-1 plan. It does not convey positive or negative sentiment about the company's performance or outlook.

Future Outlook

The document does not contain any forward-looking statements or guidance beyond the execution of a pre-planned stock sale.

Industry Context

This Form 4 filing is a routine disclosure of insider stock transactions, specifically sales by a major shareholder and executive under a pre-arranged trading plan. Such plans are common among executives of large technology companies like Meta Platforms to facilitate orderly stock sales while complying with insider trading regulations. This specific transaction does not indicate any broader industry trends or competitive shifts.

Related Party Transactions

• Sales of Class A Common Stock were effected by the Chan Zuckerberg Initiative Foundation, over which Mark Zuckerberg is deemed to have voting and investment power, but no pecuniary interest.

Stakeholder Impact

• Shareholders: The sale of a relatively small number of shares by a foundation associated with the CEO, under a pre-planned program, is unlikely to have a significant direct impact on the company's stock price or shareholder sentiment. It represents a routine liquidity event for the foundation rather than a change in the CEO's direct investment thesis.

Key Dates

Keywords

Meta Platforms, Mark Zuckerberg, SEC Form 4, Insider Trading, Stock Sale, Rule 10b5-1, META, Chan Zuckerberg Initiative Foundation, Class A Common Stock, Class B Common Stock