Sony's CEO has just sold over half of his shares

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Amid the fallout from PlayStation's announcement that it will stop making physical discs in 2028, SEC filings reveal that Sony CEO Hiroki Totoki sold over half of his shares shortly after the news was released. Some fans have been vocal against Sony stopping physical disc production and canceling their PS Plus subscriptions, hoping the company will listen.

On June 3, 2026, just two days after PlayStation's big announcement, SEC filings show that Sony CEO Hiroki Totoki sold 225,000 shares of Sony stock, or roughly 56% of his stake in the company. At the time of the sale, Sony was trading at $21.02 per share, netting the CEO about $4.7 million and leaving him with 173,250 shares. In addition, Sony CSO Toshimoto Mitomo also sold 25,000 of his shares, or roughly 18% of his stake in the company, for a total of $525,500 on the same day. Shortly after PlayStation announced it would end physical media production, Sony's stock also took a hit, and it's only grown since then. As of July 8, 2026, Sony stock is trading at $21.15 per share.

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