Susan J. Li, Chief Financial Officer of Meta Platforms (META), has filed 106 Form 4 transactions, all in a single company. The pattern is entirely one-directional: she has sold $125,014,591.81 worth of stock and has not recorded a single open-market purchase, acquisition, or buy of any kind. Her recent activity, spanning May through August 2026, shows 18 open-market sales, with no buys in that window.
The most concentrated selling occurred on August 18, 2026, when Li executed 11 separate "S" trades. Those transactions ranged from $22,233.20 to $1,021,835.67, with the largest single sale on that date at just over $1.02 million. The total for that day alone exceeded $5 million. Three days earlier, on August 15, she sold $1,467,310.95 in open-market trades, while also exercising options (coded "M" with zero value) and converting derivative securities (coded "C"). That same day, $4,082,941.70 in shares were withheld to cover tax obligations, an automatic "F" transaction that is not a discretionary sale.
Her May 18, 2026 activity was similarly heavy. Li filed six "S" trades that day, with values from $50,134.17 to $1,427,840.10, totaling roughly $5.27 million. The selling bias is unambiguous: every discretionary transaction in the record is a sale, and the dollar volume is substantial. The absence of any "P" code, which the SEC reserves for open-market purchases, means Li has not used her own cash to acquire META shares in any filing covered here. The data shows a CFO who consistently monetizes equity compensation, but it does not show any buying conviction to offset that flow.
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