Meta ties sale of new nonvoting shares to Zuckerberg staying in California
Meta and CEO Mark Zuckerberg finalized a Founder Alignment Agreement that links his ability to sell a new class of nonvoting shares to his continued residence where Meta’s headquarters are (effectively California); he can sell 20% immediately to cover potential taxes and the remaining 80% in chunks over eight years if he stays. The move responds to the proposed Proposition 40 one-time billionaire tax and is intended to keep Zuckerberg near Meta Superintelligence Labs and help raise funds for AI data centers without diluting his voting control.