Sony CEO sells more than half of shares

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Amid the fallout from PlayStation's announcement that it will stop manufacturing physical discs in 2028, SEC filings show: sony CEO Hiroki Totoki sold more than half of his shares immediately after this news broke. Some fans have been vocally opposed to Sony ceasing physical disc production and canceling PS Plus subscriptions, and hoped the company would 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 about 56% of the company. At the time of the sale, Sony was trading at $21.02 per share, netting the CEO approximately $4.7 million and leaving him with 173,250 shares outstanding. Sony CSO Toshimoto Mitomo also sold 25,000 shares of his stock (about 18% of the company's stake) on the same day for a total of $525,500. Sony's stock also soared shortly after PlayStation announced it was ceasing physical media production and has only grown since. As of July 8, 2026, Sony stock is trading at $21.15 per share.

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