Newstead, Meta platforms chief legal officer, sells $382k in stock

Meta Platforms NASDAQ:META Chief Legal Officer Jennifer Newstead sold 519 shares of Class A Common Stock on October 21, 2025, at a price of $736.37, for a total value of $382176. The transaction comes as Meta, now valued at $1.85 trillion, maintains a "GREAT" financial health score according to InvestingPro analysis, with shares up 38% over the past six months.

The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 11, 2025. Following the transaction, Newstead directly owns 28,275 shares of Meta Platforms.

The sale was reported in a Form 4 filing with the Securities and Exchange Commission SEC on October 23, 2025. The filing was signed by Erin Guldiken, attorney-in-fact for Jennifer Newstead.

In other recent news, Meta Platforms, Inc. has announced significant developments impacting its operations and future prospects. The company reported a partnership with Blue Owl Capital to develop a $27 billion data center in Louisiana, where Meta will retain a 20% interest. In terms of financial performance, BofA Securities maintained its Buy rating on Meta, with a price target of $900, citing strong advertising prospects and expected third-quarter revenue of $50 billion. BofA’s projections for Meta’s earnings per share stand at $7.30, surpassing the consensus estimate of $6.69.

Additionally, Meta is cutting approximately 600 positions from its Superintelligence Labs AI unit, affecting several divisions within the company. On the consumer side, Meta is introducing new parental controls to manage teenagers’ interactions with AI on its platforms, allowing parents to block specific AI characters. Meanwhile, Gene Munster from Deepwater Asset Management expressed optimism about Meta’s new AI glasses, despite noting challenges in widespread adoption. These developments highlight Meta’s ongoing efforts to balance innovation with operational efficiency.

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