As the Nasdaq index narrowly missed the opportunity to set a new high for the new year last week, the market sentiment began to reverse, and many previously ignored negative signals began to occupy the minds of investors, gradually amplifying market shocks. After the market opened on Monday, Meta, one of the "Big Seven" stocks that have led the rise in U.S. stocks this year, jumped short and opened lower. As of press time, it fell nearly 3%. According to the news, theCompany founder Zuckerberg's high-frequency stock selling behavior in the past month has been published in a "bound volume" by the media, causing concern in the investment market.
According to Form 144 found on the SEC’s official website, Zuckerberg’s last stock sale should have been last Friday.28,009 shares of Meta stock, for nearly $9.05 million.
However, Form 144 also has a column called the stock selling record in the "past 3 months". It shows that Zuckerberg started from November 1st, except for weekends and the Thanksgiving holiday on the 23rd.Every trading day, 28,009 shares were sold regardless of the weather. A total of more than 600,000 shares were sold, and the liquidated funds exceeded US$180 million.
What is extremely signaling is that this is also the entity that manages the Zuckerberg family wealth.Meta shares sold for the first time since November 2021.
Investors familiar with the Meta and VR industries should still remember,The company's all-time high is in the third quarter of 2021. Since then, Zuckerberg's "Metaverse" vision, which he has fully invested in, has become the "poison" of the stock price, which once fell from a high of more than 380 US dollars to only a fraction. Amid investor complaints, Zuckerberg also stopped selling shares until November this year. The highest increase of more than 180% during the year also made Zuckerberg's operation look extremely accurate.
(Meta weekly chart, source: TradingView)
It is reported that in addition to Meta, Zuckerberg is also pursuing multiple careers, including VC venture capital, medical research and political ambitions.
For example, the Chan Zuckerberg Initiative (Chan Zuckerberg Initiative) founded by the Zuckerbergs earlier this year promised to invest US$250 million to establish a biomedical research center in Chicago. Like Buffett,Zuckerberg and his wife have also pledged to donate 99% of their wealth to charitable purposes during their lifetime. Considering that Zuckerberg is only 39 years old, he still has plenty of time to fulfill his philanthropic commitments.
According to calculations, Zuckerberg currently holds close to 13% of Meta shares.With a total net worth of nearly US$120 billion, he is also the ninth richest person in the world. The Chan Zuckerberg Foundation has a net worth of nearly $6.3 billion, according to recent regulatory filings. In addition to funding medical research, the foundation's past projects include helping address housing shortages in the San Francisco Bay Area and training software engineers for the African continent.
Talking about stock selling, except for Meta, which has the second highest increase among U.S. technology giants this year, the first has increasedNvidia also reported that "insiders planned to sell 370,000 shares in November." Very coincidentally,Chris Kondo, Apple's chief accounting officer, also disclosed a Form 144 last week selling nearly $1 million in Apple stock. The stock prices of Apple and Nvidia also weakened on Monday, further dragging down the performance of the market.