According to recent filings, Meta CEO Mark Zuckerberg sold a significant portion of Meta stock in December.
On Wednesday, documents submitted to the Securities and Exchange Commission (SEC) revealed that Zuckerberg’s Meta stock sales, amounting to approximately $1.39 million, were conducted last week through two entities: CZI Holdings and the Chan Zuckerberg Initiative Foundation.
The divestment occurred in two phases. In the first week, Zuckerberg sold $43.82 million worth of stock, followed by an additional $44.29 million the next week. Share prices during these transactions ranged from $607.97 to $621.88.
These stock sales align with Meta’s stellar performance in 2024. Since the beginning of the year, its share price has surged by over 70%. In December, Zuckerberg had already sold roughly $88 million in stock.
These transactions highlight Zuckerberg’s active management of his substantial Meta holdings.
Meta’s strong performance mirrors the broader success of the “Magnificent Seven” tech giants. Alongside Apple, Alphabet, Amazon, and Tesla, Meta has set new benchmarks in 2024.
Meta’s stock price dipped by 0.97%, with the company’s market capitalization currently at $1.48 trillion.
Despite the recent sales, Zuckerberg remains one of the wealthiest individuals globally, ranking third on the Bloomberg Billionaires Index with a net worth of $209 billion.
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