Meta's Class C dividend could let Zuckerberg sell up to 20% of new shares immediately

Meta's SEC filing says its planned Class C stock dividend would let Mark Zuckerberg immediately sell or transfer up to 20% of the Class C shares he receives, equal to 10% of his overall economic stake. The filing says this could cover tax under California's Proposition 40, if enacted, without affecting his majority voting control. Voters decide November 3.