Meta Platforms COO Javier Olivan Files Form 144 for $1.15M Planned Share Sale

Overview

On October 5, 2026, Javier Olivan, Officer (Chief Operating Officer) of Meta Platforms, Inc. ($META), filed Form 144 with the SEC indicating a notice of proposed sale of 1,575 Class A Common Shares through Charles Schwab & Co., Inc. The aggregate market value of the shares proposed for sale is $1,146,726.00, implying an average price per share of approximately $728.08.

Trading Plan & Share Origin

• 10b5-1 Plan: The filing notes that the planned transactions are executed pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on November 17, 2025.
• Origin of Securities: The 1,575 shares were acquired through restricted stock unit (RSU) lapses dating between February 2017 and August 2026 as part of executive equity compensation.

Recent Trading Activity (Past 3 Months)

Javier Olivan has engaged in regular, programmatic weekly/bi-weekly sales over the trailing 90 days pursuant to the same trading plan:

• 07/06/2026: 5,235 shares ($3,145,422.00)
• 07/13/2026: 2,163 shares ($1,429,787.00)
• 07/20/2026: 1,466 shares ($946,816.00)
• 07/27/2026: 1,466 shares ($891,108.00)
• 08/10/2026: 1,692 shares ($1,016,373.00)
• 09/08/2026: 5,354 shares ($3,301,175.00)
• 09/14/2026: 1,575 shares ($1,035,925.00)
• 09/21/2026: 1,575 shares ($1,071,425.00)
• 09/28/2026: 1,575 shares ($1,180,966.00)

Market Significance

The proposed sale of 1,575 shares represents an immaterial fraction of Meta's 2.2 billion shares outstanding. Given the systematic nature of the sales under a pre-established Rule 10b5-1 plan established in late 2025, the trading significance is categorized as Low.