Shares of Meta Platforms (NASDAQ: META) slipped Monday morning, falling as much as 3.4%. As of 12:18 p.m. ET, the stock was still down 2.39%.

While there's little doubt the general market downdraft added fuel to the decline, the catalyst that sent the social media titan lower was a stock sale by CEO Mark Zuckerberg.

In a regulatory filing that dropped late Friday, the company revealed that a trust that manages stock for Zuckerberg -- and makes charitable and political contributions on his behalf -- had sold 682,000 shares worth roughly $190 million during the past month or so. The stock sale was executed through a series of prearranged trades that played out during November and early December.

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Source Fool.com