Meta offers Zuckerberg share-sale deal to keep him in California

Meta said in a securities filing disclosed in late October 2026 that chief executive Mark Zuckerberg had told a special committee of the board he was considering moving his primary residence out of California, and that the company responded with a pay arrangement designed to keep him in the state, Politico reported.

The filing said any relocation, including putting his California property up for sale, would become public and raise questions among employees and for management. The committee concluded that Zuckerberg should keep running the company from California, close to Meta Superintelligence Labs, as the company spends heavily on artificial intelligence.

Under the arrangement, restrictions on Zuckerberg's ability to sell certain shares would be eased over eight years, conditioned on his staying in a leadership role and based near Meta's Silicon Valley headquarters. A new share class would allow him to sell as much as half of his economic stake while retaining voting control through the special shares he already holds. Meta warned in the filing that the plan could trigger a multibillion-dollar tax payment.

California voters decide in November 2026 on a one-time 5% tax on billionaires' assets. Opponents who have spent millions against it include Google co-founder Sergey Brin, investor Ron Conway, DoorDash chief executive Tony Xu, who sits on Meta's special committee, and Chris Larsen. Nvidia chief executive Jensen Huang has said he would not object to paying it.

This story was first reported by Breitbart.