Mark Zuckerberg sells his shares of Meta, here’s how much the CEO made

Posted under: Web technologies
Date: 2023-12-06
Mark Zuckerberg sells his shares of Meta, here’s how much the CEO made

CEO Mark Zuckerberg has sold his share of Meta stocks for the first time in two years. In November, entities for Zuckerberg's charitable and political giving, as well as his trust, sold about 682,000 shares worth almost $185 million through trading plans, as disclosed in the regulatory filings. Meta has seen a surge of 172% in its stock value this year, up until the end of November. The majority of the shares sold were acquired in 2004 as part of a “founder stock purchase.” About 150,000 of the shares sold were acquired for $0 on the days they were sold through the exercise of options acquired in 2013. More than half of the recent Meta stock sales came from shares controlled by the Chan Zuckerberg Initiative. The foundation has pledged to donate 99% of its wealth to philanthropic causes during the founders' lifetimes. Despite the sales, Zuckerberg still owns almost all of his $117.7 billion fortune, which is primarily made up of his 13% stake in Meta.