Zuckerberg Sold 1.28 Million Meta Shares Over Two Months at End of Last Year

Zuckerberg

Mark Zuckerberg, the founder and CEO of Meta Platforms, has reportedly sold company shares worth $428 million over the past two months. Last year, Meta's stock price nearly doubled, driven by a tech stock rally fueled by the artificial intelligence (AI) boom.

According to Meta's disclosure documents released by Bloomberg on the 3rd (local time), Zuckerberg sold shares on every trading day from November 1st to the end of the year. A total of 1.28 million shares were sold over the two months, amounting to $428 million. Zuckerberg sold an average of $10.4 million worth of shares per day, with the largest single-day sale of $17.1 million occurring on December 28th last year.

This is Zuckerberg's first sale of Meta shares since November 2021. Meta's stock price recorded its lowest point in seven years at the end of 2022 but surged 194% last year alone. Meta was the best-performing large tech stock last year, excluding Nvidia, and is currently close to its all-time high recorded in September 2021.

According to Bloomberg's Billionaires Index, Zuckerberg, 39 years old this year, holds about 13% of Meta's shares and has a net worth of $125 billion, making him the seventh richest person in the world.

Zuckerberg did not respond to Bloomberg's inquiry about why he sold Meta shares.

This content was produced with the assistance of AI translation services.