Meta Platforms Inc. (NASDAQ:META) CEO and Chairman Mark Zuckerberg sold 15,847 shares of the company’s Class A common stock on August 1, generating proceeds of approximately $12.1 million.
According to a Form 4 filed with the U.S. Securities and Exchange Commission, the shares were sold in a series of transactions by CZI Holdings LLC under a Rule 10b5-1 trading plan adopted on February 1, 2025. The sales were executed at prices ranging from $750.37 to $764.14 per share.
The transactions followed the conversion of 412,854 shares of Class B common stock into Class A shares by CZI Holdings LLC. On the same day, 397,007 of those converted shares were transferred to the Chan Zuckerberg Initiative Foundation.
After the reported sales, Zuckerberg, through various entities including CZI Holdings, retains indirect ownership of millions of Meta shares, including large blocks held by Chan Zuckerberg Holdings I through IV, CZI Holdings I LLC, and the Mark Zuckerberg Trust.
The filing was signed by an attorney-in-fact on Zuckerberg’s behalf and disclosed no new equity grants or derivative securities.
