Tech and Finance Leaders Offload Billions in Stock Amid Market Highs
• Jeff Bezos sold $8.5 billion in Amazon shares, Jamie Dimon sold $150 million in JPMorgan stock (his first sales ever), and Leon Black sold $172.8 million in Apollo stock (also his first sales)
• Mark Zuckerberg has sold nearly $1.2 billion in Meta shares over the past 4 months
• The Walton family trust sold $1.5 billion in Walmart stock this month
• Many sales were made according to preset 10b5-1 trading plans to avoid insider trading concerns
• Sales come amid stock market highs; executives may be diversifying ahead of potential market/political changes