Item 5. Other Information
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Item 5. Other Information
Rule 10b5-1 Trading Plans
During the quarter ended March 31, 2025, the officers and directors listed below adopted, modified, or terminated trading plans intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Securities Exchange Act of 1934, as amended. References to "net shares received" below refer to net shares received by an officer after excluding any shares withheld by us to satisfy our income tax withholding and remittance obligations in connection with the net settlement of equity awards.
On January 31, 2025, Andrew Bosworth, our Chief Technology Officer, entered into a trading plan that provides for the sale of up to 95% of the net shares received during the duration of the plan pursuant to Mr. Bosworth's outstanding equity awards and any future equity award grants. The plan will terminate on January 30, 2027, subject to early termination for certain specified events set forth in the plan.
On February 1, 2025, Mark Zuckerberg, our founder, Chairman, and Chief Executive Officer, entered into a trading plan that provides for the sale of an aggregate of up to 141,000 shares of our Class A common stock and 143,660 shares of our Class B common stock held by entities affiliated with Mr. Zuckerberg. The plan will terminate on November 22, 2025, subject to early termination for certain specified events set forth in the plan.
On February 11, 2025, Jennifer Newstead, our Chief Legal Officer, entered into a trading plan that provides for the sale of up to approximately 80% of the net shares received during the duration of the plan pursuant to Ms. Newstead's outstanding equity awards and any future equity award grants. The plan will terminate on May 15, 2026, subject to early termination for certain specified events set forth in the plan.
On February 12, 2025, Susan Li, our Chief Financial Officer, entered into a trading plan that provides for the sale of an aggregate of up to 22,988 shares of our Class A common stock and up to all of the net shares received during the duration of the plan pursuant to Ms. Li and her spouse’s outstanding equity awards and any future equity award grants. The plan will terminate on February 20, 2026, subject to early termination for certain specified events set forth in the plan.
On February 14, 2025, Robert M. Kimmitt, a member of our board of directors, entered into a trading plan that provides for the sale of an aggregate of 2,800 shares of our Class A common stock. The plan will terminate on October 17, 2025, subject to early termination for certain specified events set forth in the plan.
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