Meta Creates Non-Voting Class C Shares, Declares 1-for-1 Stock Dividend
Filed with the SEC on · Summarized by InvestorsBot
Meta’s shareholders approved a new non-voting Class C common stock, and the company declared a one-time dividend of one Class C share for each outstanding Class A and Class B share, subject to the charter amendment becoming effective on January 19, 2027. Meta expects the Class C shares to be listed on Nasdaq, while the dividend will not change existing shareholder voting power and is intended to support future capital raising, employee compensation, acquisitions and other corporate purposes. Under an agreement with founder and CEO Mark Zuckerberg, 80% of the Class C shares he receives will generally be subject to sale restrictions tied to maintaining his voting power, with releases phased over time if he remains in leadership.