According to regulatory filings, Jennifer Newstead, Chief Legal Officer at Meta Platforms, Inc. (NASDAQ: META), has divested 921 shares of the company’s Class A common stock through a pre-arranged trading plan.
The Form 4 filing, submitted on March 20, 2025, shows that the shares were sold on March 18, 2025, at $600.25 per share. The transaction, totaling approximately $552,730, was executed under a Rule 10b5-1 trading plan adopted by Newstead on November 30, 2023.
These plans allow executives to sell stock in compliance with SEC regulations and avoid potential insider trading concerns.
Following this sale, Newstead directly holds 32,103 shares of Meta’s Class A common stock. The transaction is in line with routine executive stock sales at large tech firms, where equity compensation is a significant component of total compensation.
