Meta to Issue One Non-Voting Class C Share per A/B Share, Charter Effective Jan 19, 2027

The structure matters more than the mechanics: Meta is creating a second listed class that carries economics without votes, which keeps founder control intact while giving the company a new equity instrument to work with. Existing holders see no change in voting power, and the expected split-like price effect is framed as cosmetic rather than substantive. The open questions are how the new class trades relative to Class A once record and payment dates are set, and whether a non-voting line becomes a template other dual-class issuers consider.