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Meta Platforms Chief Operating Officer Javier Olivan filed to sell 517 shares of company stock valued at approximately $369,655.
According to a Form 144 filed with the U.S. Securities and Exchange Commission, the shares are scheduled to be sold on July 28 through Charles Schwab & Co. The stock was acquired on May 15 through the vesting of restricted stock units granted as part of Olivan’s equity compensation package.
The planned transaction is being conducted under a Rule 10b5-1 trading plan adopted on August 17, 2024. The filing affirms that Olivan was not in possession of material non-public information at the time the plan was adopted.
The Form 144 also discloses 13 prior sales by Olivan over the past three months, with each involving 517 or 608 shares. Gross proceeds for those sales ranged from $324,805 to $383,800. The most recent was filed for July 21, with proceeds of $365,214.
No further remarks or derivative transactions were included in the filing.