Meta platforms COO Olivan sells shares worth $2.44 million

Meta Platforms (NASDAQ:META) Chief Operating Officer Javier Olivan sold 3,129 shares of Class A Common Stock for approximately $2.44 million, according to a Form 4 filing with the Securities and Exchange Commission. The transaction comes as Meta, now valued at $1.89 trillion, trades near its 52-week high of $796.25, with InvestingPro data showing the stock has delivered a 42% return over the past year.

The sales occurred on August 15 and August 18, 2025. On August 15, Olivan sold 2,612 shares at a price of $782.13, for a total value of $2,042,923. An additional 517 shares were sold on August 18 at $775.00 per share, totaling $400,675. According to InvestingPro analysis, Meta maintains excellent financial health with strong profitability metrics, and analysts maintain a highly bullish consensus on the stock.

On the same day, Mr. Olivan exercised options to acquire a total of 12,432 shares of Class A Common Stock. These transactions involved the conversion of 5,470 Restricted Stock Units (RSUs) and the exercising of options for 6,791 shares, 2,680 shares, and 1,961 shares, all at a price of $0.

The filing also indicates that 5,396 shares were withheld by Meta Platforms to cover income tax obligations related to the settlement of Restricted Stock Units.

In other recent news, Meta Platforms has announced a significant restructuring of its artificial intelligence division, splitting Meta Superintelligence Labs into four distinct groups. This reorganization aims to accelerate AI product development, with dedicated teams focusing on AI research, superintelligence development, products, and infrastructure. Despite these changes, Bank of America Securities has maintained its Buy rating on Meta, keeping its price target at $900.00. This marks the fourth overhaul of Meta’s AI efforts in six months. Additionally, Meta introduced DINOv3, a new self-supervised vision AI model that excels in various visual tasks without needing labeled data. The model was trained on 1.7 billion images and scaled to 7 billion parameters, significantly larger than its predecessor. Meanwhile, OpenAI employees plan to sell $6 billion in shares, valuing the company at $500 billion. The investor group involved includes Thrive Capital, SoftBank (TYO:9984) Group Corp., and Dragoneer Investment Group.

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