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Meta Platforms (NASDAQ: META) Chief Operating Officer Javier Olivan is set to sell 608 shares of the company’s stock, valued at $409,768.
The transaction, scheduled for March 3, follows a pattern of regular sales under a Rule 10b5-1 trading plan adopted in August 2024.
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Breakdown of Share sales (Past 3 Months):
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| Date of Sale | Shares Sold | Gross Proceeds |
|---|---|---|
| Dec 9, 2024 | 413 | $257,506 |
| Dec 16, 2024 | 413 | $260,008 |
| Dec 23, 2024 | 413 | $243,670 |
| Dec 30, 2024 | 413 | $243,323 |
| Jan 6, 2025 | 413 | $252,797 |
| Jan 13, 2025 | 413 | $250,596 |
| Jan 21, 2025 | 413 | $255,234 |
| Jan 27, 2025 | 413 | $259,195 |
| Feb 3, 2025 | 413 | $279,188 |
| Feb 18, 2025 | 608 | $447,531 |
| Feb 24, 2025 | 608 | $417,258 |
- Total shares sold in past three months: 5,130 shares.
- Total estimated proceeds: $3.17 million
Olivan, who oversees Meta’s global operations and expansion, received restricted stock units as part of his executive compensation. He has been steadily selling shares in recent months, offloading more than 5,100 shares since December, with total proceeds exceeding $3.17 million.
Meta executives have consistently trimmed their holdings, with multiple insider sales reported in recent months.
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