Jeff Bezos, Leon Black, Jamie Dimon, and the Walton family have now sold a combined $11 billion in company stock this month

“High-profile CEOs, founders, and heirs are selling stock by the bucketload in the companies that made them billionaires. For nearly the entire bunch, share prices are trading near all-time highs.

Jeff Bezos sold Amazon shares worth $8.5 billion in multiple transactions this month. Meanwhile, Jamie Dimon, chairman and CEO of JPMorgan Chase, sold $150 million in stock last week, his first cash-out since taking the top job at the bank 18 years ago. Around the same time, Leon Black, cofounder and former CEO of Apollo Global Management, shed $172.8 million in stock—also a first-ever stock sale.

In dozens of trades since the beginning of February, Mark Zuckerberg unloaded about 1.4 million shares of Meta stock worth roughly $638 million, according to an analysis from insider stock sales data firm Verity. This latest batch of sales came after previously culling 588,200 shares in November, 688,400 in December, and 447,200 in January. He sold nearly $600 million worth in the three months leading up to February, and his proceeds from combined sales during the past four months have reached $1.2 billion.

Similarly, the trust for the Walton family, heirs to Walmart’s founder, sold $1.5 billion in Walmart stock this month. The family owns about 45% of Walmart’s shares, according to Bloomberg”

View Reddit by ramsrView Source

Leave a Reply

Your email address will not be published. Required fields are marked *