Javier Olivan, Chief Operating Officer of Meta Platforms, Inc. (NASDAQ:META), filed a Form 4 on September 10, 2026, reporting the sale of Class A Common Stock on September 8, 2026, pursuant to a Rule 10b5-1 trading plan.

Key Highlights

  • Rule 10b5-1 plan: All sales were made under a trading plan adopted by Olivan on November 17, 2025.
  • Direct holdings sold: A total of 2,781 shares of Class A Common Stock were disposed of directly, with sale prices ranging from approximately $612.54 to $622.99 per share.
  • Indirect holdings sold: Additional shares were sold through Olivan D LLC (328 shares at $616.06), Olivan Reinhold D LLC (228 shares at $616.06), Reinhold D LLC (328 shares at $616.06), and the Olivan Reinhold Family Revocable Trust u/a/d 10/16/12 (1,592 shares across multiple weighted-average prices).
  • Remaining direct ownership: Following the reported transactions, Olivan directly held 11,662 shares of Class A Common Stock.
  • Remaining indirect ownership: Olivan retained indirect beneficial ownership of 78,253 shares through the Olivan Reinhold Family Revocable Trust, 6,162 shares each through Olivan D LLC and Reinhold D LLC, and 1,289 shares through Olivan Reinhold D LLC.
  • Multiple weighted-average prices: Several reported prices represent weighted averages across intraday price ranges; full per-share detail is available upon written request to the issuer or the SEC staff, according to the filing.

Details of Javier Olivan's September 8, 2026 Share Sales

According to the filing, Olivan disposed of Class A Common Stock across multiple transactions on September 8, 2026. Direct sales consisted of ten separate tranches totaling 2,781 shares, with weighted-average prices spanning from $612.9883 to $622.99 per share. The individual tranche sizes ranged from 24 shares to 855 shares. All dispositions bore transaction code "S," indicating open-market sales.

Indirect sales were also reported on the same date through several entities. Olivan D LLC disposed of 328 shares at $616.06, leaving 6,162 shares held indirectly. Olivan Reinhold D LLC, of which Olivan and his spouse are co-managers, sold 228 shares at $616.06, leaving 1,289 shares. Reinhold D LLC, managed by Olivan's spouse, sold 328 shares at $616.06, also leaving 6,162 shares. The Olivan Reinhold Family Revocable Trust u/a/d 10/16/12, for which Olivan and his spouse serve as Co-Trustees, sold a combined 1,592 shares across eight tranches at weighted-average prices ranging from approximately $612.2056 to $620.2669 per share, leaving 78,253 shares held through that trust.

The filing notes that all sales were effected pursuant to a Rule 10b5-1 trading plan that Olivan adopted on November 17, 2025. For transactions reported at weighted-average prices, the filing states that 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."

What Was Disclosed

The Form 4 filed on September 10, 2026, reported that Meta Platforms COO Javier Olivan sold Class A Common Stock both directly and through multiple affiliated entities and trusts on September 8, 2026, all under a pre-established Rule 10b5-1 trading plan.