'Meta' COO Sells Additional Shares Worth Billions

Javier Oliván, chief operating officer of Meta Platforms, Inc. (NASDAQ: META), sold shares of Meta Class A common stock in the open market on March 23 and April 13, realizing approximately $3.3 million (around 4 billion KRW). The transactions were executed under a 10b5-1 trading plan adopted on November 17, 2025. According to filings, Oliván still holds about $70 million (roughly 80 billion KRW) in Meta shares, through direct and indirect ownership. On April 15, Meta director Robert M. Kimmitt also sold 580 shares of Meta stock at $667 per share under a separate 10b5-1 plan, disposing of about $390,000 (several hundred million KRW).

In its fourth-quarter 2025 results, announced in late January, Meta reported revenue of $59.9 billion (approximately 70 trillion KRW) and earnings per share of $8.88, exceeding market expectations. The company also unveiled plans to invest $115 billion to $135 billion (about 150 trillion KRW) in AI infrastructure over the course of 2026. In line with its expanded AI investment, Meta began reviewing its largest workforce reduction since 2023 in March to optimize its cost structure. In April, it introduced “Muse Spark,” a new model for its AI assistant service.

Meta, based in California, operates major social media and messaging platforms including Facebook, Instagram, WhatsApp, and Messenger, and has recently shifted its strategic focus from the metaverse to AI and its advertising business. Javier Oliván has served as Meta’s COO since 2022, overseeing global operations, products, and infrastructure. Robert M. Kimmitt, a former U.S. Treasury undersecretary, serves as the lead independent director on Meta’s board.