Meta Director Marc Andreessen Discloses $12.8M Indirect Stock Sale

Executive Summary

On November 4, 2026, Meta Platforms, Inc. ($META) director Marc L. Andreessen filed a Form 4 disclosing open-market sales of 20,951 shares of Class A Common Stock on November 2, 2026. The sales were conducted indirectly through Andreessen Horowitz Fund VIII, L.P. across multiple tranches at prices ranging between $606.85 and $613.88 per share, generating aggregate proceeds of approximately $12.77 million.

Transaction Breakdown

The disposal was executed across eight tranches on November 2, 2026:

• 5,573 shares at a weighted average price of $606.85 ($3,381,975.05)
• 872 shares at a weighted average price of $608.26 ($530,402.72)
• 1,964 shares at a weighted average price of $609.33 ($1,196,724.12)
• 4,629 shares at a weighted average price of $610.27 ($2,824,939.83)
• 4,571 shares at a weighted average price of $611.14 ($2,793,520.94)
• 1,986 shares at a weighted average price of $612.12 ($1,215,670.32)
• 1,292 shares at a weighted average price of $613.10 ($792,125.20)
• 64 shares at a weighted average price of $613.88 ($39,288.32)

Total Transacted: 20,951 shares for $12,774,646.50 (~$609.74 weighted average).

Post-Transaction Holdings

• Andreessen Horowitz Fund VIII, L.P.: The sales fully liquidated the fund's direct record position reported in this filing from 20,951 shares to 0 shares.
• LAMA Community Trust: The reporting person continues to report indirect beneficial ownership of 49,448 shares of Class A Common Stock held by the LAMA Community Trust, of which Andreessen and his spouse serve as trustees.

Significance & Market Context

This transaction carries Medium significance. While the transaction dollar value ($12.8M) is notable, it represents the wind-down of a venture capital fund vehicle's holding (Andreessen Horowitz Fund VIII, L.P.) rather than a disposal of Andreessen's personal direct equity holdings. Venture fund distributions and sales are standard periodic events and do not necessarily signal a shift in director sentiment regarding Meta's operational performance.