While Meta's stock was surging in November, hitting a nearly two-year high, CEO Mark Zuckerberg was selling off shares. Form 4 filings with the Securities and Exchange Commission show that Zuckerberg sold 560,180 shares of Meta by November 29th, having unloaded himself of shares every day in November. In addition, he attempted to sell an additional 28,009 shares that same day, according to a Form 144 filing made on Thursday.  The weighted average price of these share sales, along with Thursday's closing price of $327.15, indicate that the total value of the sold shares is $192.9 million, or approximately Rs 1,600 crore.

The shares that were sold for different funds were indirectly owned by Zuckerberg. In accordance with the Rule 10b5-1 trading strategy that was started on July 31, these sales were disclosed.

November saw an 8.6% increase in the social media giant's shares, its third straight month of increases. Before retreating, it hit its greatest closing price of $341.49 on November 22, 2021, the highest since December 30, 2021.

The majority of Zuckerberg's shares were acquired in 2004 as a result of a "founder stock purchase." When options from 2013 were exercised, almost 150,000 of the sold shares were bought at $0 on the days they were sold.

According to recent filings, Zuckerberg may still own more than 365 million shares. As of November 30, the Bloomberg Billionaires Index placed him as the ninth richest person on the planet.

Even though selling more than $190 million worth of shares in a single month might seem like a lot, if you take into account the 19.18 million shares that were traded on average per day over the previous 30 days, you can see that Meta shares are traded for more than $6.2 billion every day on average.