Meta Platforms files draft information statement
META•Meta Platforms shareholders authorized Class C non-voting stock, effective January 19, 2027, and the board declared a dividend of one Class C share for each outstanding Class A or Class B share. Mark Zuckerberg may freely sell 20% of his initial dividend shares; the remaining 80% face restrictions tied to reductions in his voting power.
1. Class C share dividend
Meta Platforms shareholders authorized charter changes creating non-voting Class C common stock, effective January 19, 2027, and amendments allowing the 2025 Equity Incentive Plan to issue Class A or Class C shares. The board declared a dividend of one Class C share for each outstanding Class A or Class B share. The company said Class C shares will support capital raising, employee compensation and acquisitions without diluting existing shareholders’ voting power. Zuckerberg can freely sell 20% of his initial Class C dividend shares; the remaining 80% are subject to sale restrictions tied to voting-power reductions.
