Meta Platforms' Chief Financial Officer Susan J. Li reported a routine set of stock transactions tied to her compensation package, according to a Form 4 filing submitted to the U.S. Securities and Exchange Commission on August 18. The transactions themselves took place on August 15 and centred on the settlement of Restricted Stock Units (RSUs), along with the standard withholding of shares to cover the resulting tax obligations.
What the Filing Shows
Li acquired a total of 18,245 shares of Meta's Class A Common Stock at $0 per share, obtained through the vesting and settlement of several RSU grants. These grants follow different vesting schedules: some vest quarterly at 1/20th of the total, beginning February 15, 2023 and February 15, 2024 respectively, while others vest quarterly at 1/16th of the total, with start dates spread across May 15, 2023, 2024, 2025, and 2026, all contingent on continued employment through each vesting date.
As part of settling these RSUs, Meta withheld 9,049 shares to cover Li's income tax withholding and remittance obligations, a standard mechanism companies use so employees don't have to separately arrange cash to pay taxes on vested stock. The withheld shares were valued at prices ranging from $589.85 to $689.85, adding up to roughly $5.55 million in total: 2,127 shares withheld at $689.85 ($1,467,310) and 6,922 shares withheld at $589.85 ($4,082,941).
It's worth being clear about what this filing does and doesn't represent: these were tax withholdings executed by Meta as the issuer, not open-market sales initiated by Li herself.
Where Her Holdings Stand Now
Following these transactions, Li's indirect beneficial ownership of Class A Common Stock, held through The Li-Hegeman Living Trust, now stands at 22,382 shares.
Context: Where Meta's Stock Is Trading
The filing comes as Meta's stock trades at $543.67, sitting near its 52-week low of $520.26 and down roughly 27% over the past year. Despite the decline, some market analysis has flagged the stock as potentially undervalued relative to its estimated fair value, placing it among the names some analysts consider worth closer attention at current levels.
FAQs
Q1. Did Susan Li sell shares on the open market?
No. The reported transactions were tax withholdings executed by Meta to cover obligations tied to RSU vesting, not open-market sales initiated by Li.
Q2. How many shares did Susan Li acquire through this filing?
She acquired 18,245 shares of Class A Common Stock at $0 per share through the settlement of various RSU grants.
Q3. How much was withheld to cover her tax obligations?
A total of 9,049 shares were withheld, valued at approximately $5.55 million combined.
Q4. What is Susan Li's current indirect stock ownership?
Following these transactions, her indirect beneficial ownership through The Li-Hegeman Living Trust stands at 22,382 shares.