Meta Establishes 6.5% Preferred Stock With 2029 Conversion

On October 28, 2026, Meta filed certificates with Delaware to establish preferred stock with a $1,000 liquidation preference and a 6.50% annual cumulative dividend, payable if declared on February 15, May 15, August 15 and November 15 beginning February 15, 2027. Unless converted earlier, the preferred stock is scheduled to automatically convert around August 15, 2029, into 1.3620 to 1.6000 Meta Class A shares per preferred share, subject to adjustments. While any preferred stock remains outstanding, Meta generally cannot pay dividends on or repurchase its common stock unless accumulated preferred dividends have been paid or reserved.