PANews, citing Reuters, reported that Meta plans to grant Zuckerberg saleable non-voting shares to address the potential tax burden from California's wealth tax proposal; he committed to reside in California or at Meta headquarters location for 8 years.
Meta said that the board of directors has approved the creation of publicly traded non-voting Class C common stock and plans to distribute 1 Class C shares for each 1 shares held by Class A and Class B shareholders. The related charter amendments will take effect on January 19, 2027, while the specific record date and distribution date have yet to be determined.
