Meta Platforms Inc. Chief Operating Officer Javier Olivan reported the sale of 1,555 shares of the company’s Class A common stock on February 23, 2026, according to a Form 4 filing with the Securities and Exchange Commission.
The total proceeds from the transaction were approximately $1.01 million, with the shares transacted at $652.68 each. That execution price sits just below the current trading quote of $653.83 cited in market data accompanying the filing.
Structure of the sale
The Form 4 details that 926 of the shares were sold directly by Olivan. The balance of the disposition occurred indirectly through a set of related entities identified in the filing: Olivan D LLC, Olivan Reinhold D LLC, Reinhold D LLC, and the Olivan Reinhold Family Revocable Trust.
After these sales, Olivan is recorded as directly holding 17,039 shares of Meta Platforms Inc. Class A common stock.
Valuation and financial context
Analytical notes included with the filing reference InvestingPro data that characterizes the stock as trading slightly above its Fair Value estimate. The same analysis reports a price-to-earnings ratio of 27.79 for the company, and cites Meta’s market capitalization at $1.65 trillion. Separately, InvestingPro data highlights the company’s gross profit margins at 82%.
Concurrent industry and regulatory developments
The filing and accompanying market commentary also note broader technology sector items. Advanced Micro Devices announced a supply agreement to provide AI computing infrastructure to Meta Platforms - a development framed as part of AMD’s ongoing participation in AI-centric hardware supply. PayPal Holdings Inc is reported to have attracted takeover interest following a decline in its stock price, with Wolfe Research suggesting assets such as Venmo and the buy-now-pay-later business could command premium multiples.
Market commentary cited an analyst at Wedbush, Dan Ives, who identified potential catalysts that could reverse an existing technology sector decline, though those comments are presented as analyst perspective rather than company-confirmed events.
Regulatory movements are also noted. Ireland is reported to be considering age-based restrictions for social media use for those under 16 as part of an AI strategy. In addition, Spain has opened an investigation into alleged distribution of AI-generated child sexual abuse content on platforms including X, Meta, and TikTok, a probe cited as part of a broader European regulatory effort.
Takeaway
The Form 4 filing documents a modest-sized disposition by a senior Meta executive and clarifies remaining direct holdings. The public filing is presented alongside valuation and margin metrics and placed in the context of sector supply agreements and escalating regulatory scrutiny impacting major social platforms.