Sony CEO Hiroki Totoki Sells $4.7 Million in Stock Days After PlayStation Disc Phase-Out Announcement
By
Mike Straw
Summary
Sony CEO Hiroki Totoki sold over half his Sony stock holdings — 225,000 shares worth approximately $4.7 million — just two days after PlayStation announced it would cease production of physical game discs by January 2028. The sale was disclosed in an SEC filing and occurred when Sony's stock saw a slight price bump following the news.
Source
bskySony CEO Hiroki Totoki Sells $4.7 Million in Stock Days After PlayStation Disc Phase-Out Announcementinsider-gaming.comKey quotes
· 3 pulledAccording to the SEC filing, Totoki sold 225,000 shares of Sony stock on July 3.
At $21.02 per share, Totoki pulled in roughly $4.7
The 61-year-old sold millions of dollars worth of stock just two days after the announcement that PlayStation was going to cease production of physical discs in January 2028.
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