Form 4: Meta Platforms CFO Susan Li Transfers Shares to Family Foundation

Meta Platforms' Chief Financial Officer, Susan Li, donated 22,988 shares of Class A Common Stock to the Li-Hegeman Family Foundation.

Summary

• Susan Li, the Chief Financial Officer of Meta Platforms, Inc., reported a transaction involving the transfer of Class A Common Stock.
• On October 8, 2024, Ms. Li donated 22,988 shares of Class A Common Stock to the Li-Hegeman Family Foundation.
• The shares were transferred as a gift, and Ms. Li no longer has a pecuniary interest in these shares.
• Following the transaction, Ms. Li directly owns 46,769 shares and indirectly owns 22,988 shares through the Li-Hegeman Family Foundation.
• The Li-Hegeman Family Foundation is a charitable entity, and Ms. Li has voting and investment power over the shares held by the Foundation but no pecuniary interest.

Sentiment

Score: 7

Explanation: The document is a routine filing and does not indicate any significant positive or negative sentiment. The transfer to a charitable foundation is a positive action but not directly related to the company's financial performance.

Positives

• The transfer of shares to a charitable foundation may be viewed positively from a corporate social responsibility perspective.

Industry Context

This is a routine SEC Form 4 filing related to a change in beneficial ownership by a company officer. Such filings are common and provide transparency into the transactions of company insiders.

Comparison to Industry Standards

• SEC Form 4 filings are standard practice for publicly traded companies in the United States.
• The transfer of shares to a charitable foundation is not uncommon among high-net-worth individuals and corporate executives.
• The reporting of beneficial ownership is consistent with regulatory requirements.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a transfer of shares by an officer to a charitable foundation.
• The transfer does not affect the company's operations or financial position.

Key Dates

Keywords

Meta Platforms, Susan Li, Class A Common Stock, Li-Hegeman Family Foundation, Share Transfer, Charitable Donation, SEC Form 4, Beneficial Ownership