Meta's Class C Plan Gives Zuckerberg a Way to Sell Shares
Photo: TokenPost
Meta’s approved nonvoting stock plan gives CEO Mark Zuckerberg a way to sell part of his new stake as he considers leaving California ahead of a vote on a proposed wealth tax. Meta plans to give holders of its Class A and Class B shares one nonvoting Class C share for each share they own. Class A shares carry one vote each, Class B shares carry 10 votes each and Class C shares carry none. Meta intends the new class for capital raising, employee compensation, acquisitions and other corporate purposes. An agreement dated Oct.
Source: TokenPost
