Meta Platforms (NASDAQ: META) CEO Mark Zuckerberg has filed to sell another $9.7 million worth of shares in the company, just days after offloading more than $21 million through a series of transactions this month.
A regulatory filing with the U.S. Securities and Exchange Commission dated June 16 shows Zuckerberg plans to sell 13,793 Class A shares of Meta under a pre-arranged trading plan. The shares were acquired through a stock option exercise in 2012 and are being sold through Charles Schwab & Co.
The filing follows a string of sales between June 6 and June 11, in which Zuckerberg sold more than 30,000 shares in four separate transactions. Those deals brought in a combined $21.4 million.
The largest sale took place on June 10, when he sold 13,793 shares for approximately $9.67 million. Other transactions on June 6, 9, and 11 generated proceeds of $1.02 million, $5.23 million, and $5.47 million, respectively.
All of the transactions are being executed under a Rule 10b5-1 trading plan adopted on February 1. These plans allow corporate insiders to sell stock at predetermined times, insulating them from allegations of trading based on non-public information.
Zuckerberg, who serves as both chairman and CEO, remains one of Meta’s largest shareholders. His status as a director and 10% holder requires advance disclosure of sales under SEC rules governing restricted and control securities.
Zuckerberg’s certification in the filing confirms he is not in possession of any undisclosed material information about the company’s operations.
