A regulatory filing released on October 21, 2026, revealed that Meta Platforms Inc. structured a transaction to retain Mark Zuckerberg as a California resident amid concerns over Proposition 40, a ballot measure that would increase taxes on large technology companies. The filing indicated that Zuckerberg was considering relocating his primary residence if the proposition passed. To address this, Meta's board authorized the creation of non-voting shares specifically for Zuckerberg, enabling him to liquidate portions of his holdings without diminishing his voting authority. In exchange, Zuckerberg committed to maintaining his primary residence in California or at Meta's headquarters for a minimum of eight years while serving in a full-time executive capacity. The arrangement was disclosed as part of the company's ongoing governance planning and does not alter existing ownership structures or control dynamics within the board.