Meta Grants Zuckerberg Stock to Keep Him in California 8 Years

Meta said on October 21 that chief executive Mark Zuckerberg will receive an additional block of company stock and has committed to remaining in California, where Meta is based, for a minimum of eight more years, according to Malay Mail, citing AFP.

The arrangement was disclosed in a securities filing released alongside Meta's quarterly results. Under it, the company plans to issue a new category of stock without voting rights and hand every current shareholder a one-time grant tied to each share held. Zuckerberg, who held more than 342 million Meta shares at the close of 2025 — largely super-voting stock that gives him above 60% control — would be able to sell down his stake without a steep loss of voting power.

Meta told regulators his voting share could fall to roughly 53% or below if he sold enough stock to cover a higher tax bill. The company cited Proposition 40, a California ballot measure going before voters in November 2026 that would levy a one-time 5% tax on billionaires, with 90% of the money directed to health care. The state's nonpartisan Legislative Analyst's Office estimates a few hundred of California's 39 million residents have net worths of $1 billion or more.

Nvidia chief executive Jensen Huang said on October 18 on CBS News that he is "not afraid of paying taxes," even with an $8 billion bill.

This story was first reported by Newswav.