$META new non voting shares let Zuckerberg keep control while Meta can raise money and he can sell some stock. Looking more into the filing Meta’s board members did push back on the size of the share dividend. Zuckerberg wanted 20 new shares for every share. The board offered 1 for every 9 and they ended up at 1 for 1. More new shares would mean more stock he could sell without giving up votes. But they didn’t get any limits on his control. In 2016 Facebook’s board made him agree that in most cases he would lose control if he left the company. This time he said no to that kind of rule and they approved it anyway. Last week a Delaware court blocked a similar deal at $NET because Cloudflare’s board members likely went along with what their founders wanted. Meta’s board also went along with Zuckerberg on control but nobody has sued yet so we don’t know how a court would rule.