Insider trade

Meta CFO Susan J Li sold about $7.3M of shares under a pre-set plan

Traded Feb 27, 2026 · Filed Mar 3, 2026

MetaMETA

~$7.3M
Reported value · 11K sh @ $645.2948: 20K
Holds after · shares reported: +12.0%
stock since the trade · S&P 500 +11.4%, $648.18 → $725.93 on Oct 1

Why it stands out

The money chief of Meta sold $7.3M 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 36% of their holdings
Routine for them: 24 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 27, 2026
Reporting period: Not applicable
Filed with the SEC: Mar 3, 2026

CFOIndirect holding$1M+Pre-arranged plan referenced

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$7,295,703

Shares × reported transaction price

Timing vs results

30 days after results of Jan 28, 2026, 61 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 $648.18 on Feb 27, 2026, 34% above its 52-week low and 18% below its high, after a 5% rise over the previous 30 trading days

52-week range $484.66 (Apr 21, 2025) to $790.00 (Aug 12, 2025), 54% of the way up, from 251 adjusted closes. 30 trading days earlier: $615.52 on Jan 14, 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, 25 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	-1.9%	-1.3%	-0.7%
30 days	-14.2%	-3.8%	-10.4%
90 days	-10.5%	+10.9%	-21.4%
180 days	-14.3%	+12.0%	-26.3%

Past results only. Not a forecast.

Source receipt

Record ID: 0000950103-26-003174
Filed / recorded: Mar 3, 2026, 11:23 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 27, 2026
Transaction code: S
Shares / units: 11,306
Price per share: $645.2948
Acquired / disposed: Disposed (D)
Shares owned after: 20,023
Ownership form: Indirect — Li-Hegeman Family Foundation
Amendment: No

Footnotes from the filing

The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 25, 2025.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $644.70 to $645.66 per share. The holder undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Shares held of record by the Li-Hegeman Family Foundation (the "Foundation"). The reporting person is deemed to have voting and investment power over the shares held by the Foundation, but has no pecuniary interest in these shares.

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

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