Meta reportedly eases limits on Zuckerberg selling certain shares if he stays a leader and resides in its headquarters jurisdiction

How the share deal works

Under the plan, a new share class would allow Zuckerberg to sell up to half his economic stake in Meta without giving up voting control, POLITICO reports. A Bloomberg-credited account published by The Straits Times identifies the shares as nonvoting Class C stock. It reports that Zuckerberg can immediately sell 20% of the Class C shares he receives, equivalent to 10% of his overall economic stake. Restrictions on the other 80% gradually lapse over eight years as long as he continues leading Meta.

POLITICO quotes the filing as saying the goal is to keep Zuckerberg leading Meta from California and close to Meta Superintelligence Labs. Business Insider reports that helping finance Meta’s AI initiatives was another reason for the new stock class.