Meta Platforms (NASDAQ: META) Chief Product Officer Christopher Cox sold 13,556 shares of the company’s stock on Feb. 28, cashing out $8.3 million.
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The sales were executed under a pre-arranged Rule 10b5-1 trading plan, which allows executives to schedule stock transactions in advance.
According to a regulatory filing, the shares were sold in multiple tranches at prices ranging from $643.56 to $653.84 per share.
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Breakdown of Share sales:
| Shares Sold | Sale Price (Per Share) | Proceeds from Sale |
|---|---|---|
| 400 | $643.56 | $257,424 |
| 300 | $644.77 | $193,431 |
| 200 | $646.07 | $129,214 |
| 531 | $647.33 | $343,946 |
| 709 | $648.06 | $459,613 |
| 734 | $649.52 | $477,374 |
| 1,310 | $650.54 | $852,212 |
| 1,422 | $651.57 | $926,591 |
| 2,215 | $652.72 | $1,446,292 |
| 4,915 | $653.84 | $3,213,275 |
| Total: 13,556 | $643.56 – $653.84 | $8,299,372 |
- Average Sale Price: $651.73 per share
- Remaining Shares After Sale: 288,686 shares (via revocable trust)
Following the transactions, Cox still holds 288,686 shares in a revocable trust and 55,046 shares in a separate trust.
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