Insider trade

Meta CFO Susan J Li sold about $12.2M of shares under a pre-set plan

Traded Feb 20, 2026 · Filed Feb 24, 2026

MetaMETA

~$12.2M
Reported value · 19K sh @ $650.00: 69K
Holds after · shares reported: +10.7%
stock since the trade · S&P 500 +10.8%, $655.66 → $725.93 on Oct 1

Why it stands out

The money chief of Meta sold $12.2M of Meta shares. It was planned long ago, so it says very little.

Sold under a plan set up in advance, so the timing wasn't a fresh decision
Sold 21% of their holdings
Routine for them: 5 sales in the past year
6 insiders at Meta sold within a month

Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell

View the official recordSEC Form 4 — Statement of Changes in Beneficial Ownership

All the details

Dates, kept separate

Transaction date: Feb 20, 2026
Reporting period: Not applicable
Filed with the SEC: Feb 24, 2026

CFOIndirect holding$1M+Pre-arranged plan referenced

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$12,212,850

Shares × reported transaction price

Timing vs results

23 days after results of Jan 28, 2026, 68 days before results of Apr 29, 2026

Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results

Price at the time

Closed at $655.66 on Feb 20, 2026, 35% above its 52-week low and 17% below its high, after a 1% rise over the previous 30 trading days

52-week range $484.66 (Apr 21, 2025) to $790.00 (Aug 12, 2025), 56% of the way up, from 251 adjusted closes. 30 trading days earlier: $648.69 on Jan 7, 2026. Describes the past only, not a forecast

Layoff notice nearby

A WARN layoff notice covering 52 workers was filed in California on February 2, 2026.

From the official state WARN list, 18 days before the trade; 11 more notices by the company within 60 days. Shown for timing only; the two filings are separate

Planned / mechanical clue

Footnote references a pre-arranged trading plan (Rule 10b5-1)

Only flagged when a footnote says so; never inferred

After it was reported

After	Stock	S&P 500	Difference
7 days	+2.1%	-1.2%	+3.3%
30 days	-19.6%	-8.5%	-11.1%
90 days	-6.3%	+8.3%	-14.6%
180 days	-14.5%	+10.1%	-24.6%

Past results only. Not a forecast.

Source receipt

Record ID: 0000950103-26-002589
Filed / recorded: Feb 24, 2026, 11:58 PM UTC
Added to OQRO: Oct 1, 2026, 11:17 PM UTC
Parser: form4-xml-v1
Data quality: Verified: identifiers matched exactly
Issuer: Meta Platforms, Inc.
Issuer CIK: 1326801
Ticker: META
Reporting person: Susan J Li
Relationship: Officer
Officer title: Chief Financial Officer
Security: Class A Common Stock
Table: Non-derivative (Table I)
Transaction date: Feb 20, 2026
Transaction code: S
Shares / units: 18,789
Price per share: $650.00
Acquired / disposed: Disposed (D)
Shares owned after: 68,888
Ownership form: Indirect — Susan Li and John Hegeman, Co-Trustees of The Li-Hegeman Living Trust u/t/a dated November 30, 2012
Amendment: No

Footnotes from the filing

The sale reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 12, 2025.

Around the same time

Officer sold ~$561K of Meta

Scheduled in advance6mo ago

Officer sold ~$50K of Meta

Scheduled in advance6mo ago

Officer sold ~$35K of Meta

Scheduled in advance6mo ago

Why it stands out

Dates, kept separate

Context

After it was reported

Source receipt

Footnotes from the filing

Around the same time

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