'Meta' CFO Foundation Sells Entire Stock Holdings… COO Also Liquidates Millions in Shares

Susan Li, Chief Financial Officer of Meta Platforms, sold approximately 50,000 Class A shares in the open market on February 27 through a pre-established Rule 10b5-1 trading plan via the Li-Hagemann Family Foundation, realizing about $36 million (roughly ₩480 billion) in cash. Following the sale, the foundation holds no direct shares. According to the company’s filing, Li retains voting and investment authority over those foundation-held shares but bears no economic interest in them. Separately, the Li-Hagemann Living Trust—of which Li and John Hagemann serve as co-trustees—continues to hold roughly 13,000 shares, valued at about $8.5 million (₩110 billion) based on the disclosed price.

On March 23, Chief Operating Officer Javier Olivan also executed a Rule 10b5-1 plan, selling around 1,500 Meta shares at an average price of $605 per share and netting approximately $940,000 (₩13 billion). Even after this sale, Olivan’s combined direct and indirect holdings remain substantial, with a market value near $70 million (₩900 billion).

Meanwhile, on March 24 a New Mexico jury found that Meta’s platforms harmed children’s mental health and knowingly concealed issues of child sexual exploitation—rulings that have heightened regulatory and litigation risks across the United States. Earlier in March, Meta signed an AI-content licensing agreement with News Corp worth up to $50 million per year (₩70 billion), enabling the company to use news articles and archives to train its generative AI models and power its chatbot services.

Meta, the U.S. tech giant behind Facebook, Instagram and WhatsApp, rebranded in 2021 to emphasize its metaverse vision but is now accelerating its evolution into an AI-infrastructure company through investments in AI chips and data centers. At the same time, the company faces significant legal and regulatory challenges—including the U.S. Federal Trade Commission’s antitrust lawsuit, competition and data-privacy regulations worldwide, and ongoing legal disputes over child-protection matters—putting both its business strategy and compliance environment at a critical crossroads.