Summary by Moomoo AI
Mark Zuckerberg, CEO and Chairman of Meta Platforms, is set to sell 12,437 shares of Class A Common Stock on December 18, 2024. The transactions will be executed through the Chan Zuckerberg Initiative Foundation, indicating indirect ownership.The sales will occur in multiple tranches, with prices ranging from $601.25 to $626.29 per share. The total market value of the disposed shares is approximately $7.69 million. After these transactions, Zuckerberg's indirect beneficial ownership through the foundation will decrease to 503,842 shares.This series of sales represents a small portion of Zuckerberg's overall holdings in Meta Platforms. The transactions are scheduled for a future date, suggesting a pre-planned divestment strategy, possibly for philanthropic purposes given the involvement of the Chan Zuckerberg Initiative Foundation.
