Form 4: Meta Platforms CFO Susan Li Reports Changes in Beneficial Ownership

Susan Li, CFO of Meta Platforms, reports transactions involving Class A Common Stock and Restricted Stock Units (RSUs) held directly and indirectly through a family trust and foundation.

Summary

• On February 15, 2025, Susan Li, the Chief Financial Officer of Meta Platforms, Inc., reported changes in her beneficial ownership of Meta's Class A Common Stock.
• These changes involve acquisitions and dispositions of shares, as well as transactions related to Restricted Stock Units (RSUs).
• The transactions include the vesting and settlement of RSUs, as well as shares withheld by the issuer to satisfy tax obligations.
• Li's holdings are both direct and indirect, with a significant portion held through the Li-Hegeman Living Trust and the Li-Hegeman Family Foundation.
• Following the reported transactions, Li's indirect holdings through the Li-Hegeman Living Trust amount to 65,812 shares of Class A Common Stock.
• She also has indirect holdings of 22,988 shares through the Li-Hegeman Family Foundation, over which she has voting and investment power but no pecuniary interest.
• Li also directly holds a number of Restricted Stock Units (RSUs) which vest quarterly.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral. It reflects standard transactions related to executive compensation and tax obligations.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their potential impact on the market.

Comparison to Industry Standards

• Tracking insider transactions is a common practice among investors to gauge management's sentiment and confidence in the company's future prospects.
• Comparing the volume and frequency of insider transactions at Meta Platforms to those of its peers, such as Apple, Amazon, and Google (Alphabet), can provide insights into relative valuation and growth expectations.
• For example, if other CFOs in the tech industry are selling shares at a higher rate, it could indicate concerns about the sector's future performance.

Stakeholder Impact

• The transactions reported may have a minor impact on shareholders due to the sale of shares to cover tax obligations.
• Employees holding RSUs are affected by the vesting schedules outlined in the report.

Key Dates

Keywords

Form 4, Beneficial Ownership, Meta Platforms, Susan Li, Class A Common Stock, Restricted Stock Units, RSUs, Li-Hegeman Living Trust, Li-Hegeman Family Foundation, Insider Trading