Hiroki Totoki, the President and CEO of Sony, has suddenly decided to dispose of a significant portion of his shares in the corporation. He sold 225,000 securities—this amounts to 56% of his holdings.
Astro Bot
According to the documents, Totoki sold the shares at a price of $21.02 each. This transaction earned him a total of approximately $4.7 million.
Interestingly, at the same time as Totoki, Sony's Strategy Director Toshimoto Mitomo also sold his shares—25,000 securities or 18% of his holdings, for $525,500.
Both top executives made this move two days after Sony announced the cessation of producing disc games for PlayStation consoles starting January 2028. Following the announcement, the corporation's shares rose, albeit modestly—by approximately 6%. However, it's unclear whether Totoki and Mitomo intentionally chose this timing for their sale or if it was mere coincidence.