Meta Platforms CEO Mark Zuckerberg is set to receive a new block of shares in the company he co-founded. In exchange for this equity, the billionaire founder has agreed to remain in California, where Meta is headquartered, for at least eight additional years.
The agreement serves as a significant financial incentive to keep Zuckerberg in the state. This move comes ahead of a November ballot initiative in which California voters will decide on a proposed temporary tax on the wealth of billionaires residing in the state.
The arrangement was disclosed in a securities filing on Wednesday, alongside the company’s quarterly earnings report. Under the plan, Meta will introduce a new class of non-voting shares and distribute a one-time share bonus to all existing shareholders.
This distribution includes Zuckerberg, who held over 342 million Meta shares by the end of 2025. The majority of these are super-voting shares, maintaining his commanding influence with more than 60 percent of the company’s voting control, according to the annual report filing.
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