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Meta Platforms Chief Legal Officer Newstead Jennifer Sells 519 Shares at $750.47/Share.
ByAinvest
Thursday, Aug 28, 2025 6:51 pm ET1min read
Meta Platforms, Inc. has disclosed that Chief Legal Officer Jennifer Newstead has recently sold 519 shares of the company's stock at a price of $750.47 per share on August 26, 2025.
Meta Platforms, Inc. has disclosed that Chief Legal Officer Jennifer Newstead sold 519 shares of the company's Class A Common Stock on August 26, 2025. The transaction was executed at a price of $750.47 per share, totaling $389,493 [1]. Following the sale, Newstead directly owns 32,427 shares of Meta Platforms [1].The sale was conducted under a Rule 10b5-1 trading plan adopted on February 11, 2025, which is designed to prevent insider trading by allowing pre-determined sales of securities [2]. This plan ensures that the transactions are made according to a pre-established strategy, reducing the risk of insider trading and maintaining transparency.
The transaction was reported in a Form 4 filing with the U.S. Securities and Exchange Commission (SEC), detailing the sale and the subsequent ownership of Newstead's shares [2]. The Form 4 filing also confirms that the sale was conducted pursuant to the Rule 10b5-1 trading plan, indicating that the transaction was pre-planned and not based on insider information.
This disclosure is part of Meta Platforms' ongoing commitment to transparency and compliance with regulatory requirements. The company's leadership, including Newstead, is subject to strict rules regarding the trading of company securities to ensure that insider information is not used for personal gain.
The sale of 519 shares by Newstead does not appear to have a significant impact on the company's overall shareholding or stock price. The transaction is part of a broader strategy to manage insider trading risks and maintain the integrity of the company's financial disclosures.
References:
[1] https://www.tradingview.com/news/tradingview:043aeb10f8245:0-meta-platforms-chief-legal-officer-sells-shares/
[2] https://www.stocktitan.net/sec-filings/META/form-4-meta-platforms-inc-insider-trading-activity-5fd10d833942.html
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