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Meta lets Zuckerberg sell shares if he stays in California

Published

Meta has agreed a deal that lets chief executive Mark Zuckerberg sell shares and keep control of the company. In return, he commits to remain in California even if the state passes a proposed wealth tax.

The deal ties Zuckerberg's residence to his ability to sell shares. Zuckerberg is the chief executive and controlling shareholder of Meta.

Key facts

Who
Mark Zuckerberg (Meta chief executive and controlling shareholder, as the article implies); Meta (company party to the deal)
What
Meta has agreed a deal allowing Mark Zuckerberg to sell shares without losing control of the company, in return for a commitment that he remains in California even if the state passes a proposed wealth tax.
When
22 October 2026
Where
California
Status
Reported

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