Meta Platforms Registers Depositary Shares for 6.50% Mandatory Convertible Preferred Stock

Registration of Securities: Meta Platforms, Inc. (Form 8-A12B)

Overview

On October 29, 2026, Meta Platforms, Inc. filed Form 8-A12B with the SEC to register a new class of securities for trading on The Nasdaq Stock Market LLC pursuant to Section 12(b) of the Securities Exchange Act of 1934.

Registered Security Details

• Security Title: Depositary Shares, each representing a 1/20th interest in a share of 6.50% Series A Mandatory Convertible Preferred Stock, par value $0.000006 per share.
• Liquidation Preference: $1,000 per share of preferred stock (equivalent to $50.00 per depositary share).
• Listing Venue: The Nasdaq Stock Market LLC.
• Governing Registration Statement: Form S-3 (File No. 333-299631) and related prospectus supplement dated October 26, 2026.

Key Capital Structure Implications

1. Financing Structure: The issuance of mandatory convertible preferred stock provides Meta with equity-linked growth capital while deferring direct common equity dilution until mandatory conversion terms are triggered.
2. Fixed Dividend Commitment: The 6.50% annual coupon represents a defined cash distribution obligation senior to common stock dividends.
3. Public Market Listing: Registering depositary shares on Nasdaq ensures secondary market liquidity for institutional and retail investors.