Meta COO Javier Olivan Sells Millions in Stock After Vesting

Meta Platforms, Inc. (NASDAQ: META) Chief Operating Officer Javier Olivan sold roughly 500 shares each on February 2 and 9, and on February 15 and 17 sold additional shares converted from RSU vesting, disposing of Class A common stock worth several million dollars (tens of billions of Korean won) in total. These transactions were executed under a pre-arranged Rule 10b5-1 trading plan. After withholding shares for tax purposes, Olivan still directly owns about 18,000 shares and indirectly holds over 90,000 shares through family trusts and special-purpose entities, maintaining a significant economic interest in Meta. Based on public filings and the recent share price, his total stake is estimated at approximately $69 million (around ₩90 billion).

Separately, Meta is significantly expanding its AI-focused investments, having recently entered a multiyear, multibillion-dollar strategic partnership with NVIDIA to bolster its AI infrastructure. The company has outlined capital expenditures of $115 billion to $135 billion by 2026 (roughly ₩150 trillion to ₩180 trillion) to support these efforts. In the fourth quarter of last year, Meta’s advanced AI-driven advertising system helped advertising revenue grow by the mid-20 percent range year-over-year, outperforming market expectations.

Olivan, an engineer from Spain, led Meta’s growth organization for many years and was named COO in 2022, succeeding Sheryl Sandberg. In his role, he oversees product development and overall growth strategy. Meta, the world’s largest social networking company—home to Facebook, Instagram and WhatsApp—is accelerating its “AI-first” strategy, with concentrated investments in Llama-based generative AI and advanced advertising technologies.