Meta put in writing that Zuckerberg's home base will match the company's headquarters location for eight years. As the filing puts it, he will "remain a resident of California, or any other jurisdiction in which the company maintains its corporate headquarters, for eight years."
Meta said Zuckerberg had been considering a move out of California if the wealth tax on the ballot is approved. The company said the measure could saddle him with a bill in the billions, which could in turn push him to sell voting shares to cover it. To head this off, Meta said it would create Class C stock as part of an arrangement designed in part to forestall that result. Under the agreement, Zuckerberg gets non-voting shares he can convert to cash without diluting his voting control, and in return he pledged to reside in the headquarters jurisdiction for eight years, provided he continues in a full-time leadership position.
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California voters decide on the wealth tax next month. The measure would apply to people whose net worth exceeded 1 billion dollars on January 1, 2026. For investors, the setup points to two things to track: Meta's issuance of Class C shares meant to maintain Zuckerberg's voting control, and an eight-year residency tie meant to keep leadership and headquarters aligned.
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