Jennifer Newstead, Chief Legal Officer at Meta Platforms, sold 519 shares of the company’s Class A common stock on July 8, according to a Form 4 filed with the U.S. Securities and Exchange Commission.
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The shares were sold at a price of $721.57 each, resulting in proceeds of approximately $374,597. After the transaction, Newstead held 27,107 shares in the company.
The sale was conducted under a Rule 10b5-1 trading plan adopted on February 11. Such plans allow company insiders to sell stock according to prearranged instructions that meet regulatory requirements.
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The filing was submitted on July 10 and signed on Newstead’s behalf by a designated attorney-in-fact.
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