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Dec 1 - CEOs and insiders sell a record $69 billion of their stock



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 2 months ago '11        #1
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Sin  topics gone triple plat - Number 1 spot x46
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Dec 1 - CEOs and insiders sell a record $69 billion of their stock
 

 

KEY POINTS
-CEOs and corporate insiders have sold a record $69 billion in stock in 2021, as looming tax hikes and lofty share prices encourage many to take profits.
-As of Monday, sales by insiders are up 30% from 2020 to $69 billion, and up 79% versus a 10-year average, according to InsiderScore/Verity.
-The selling is likely to increase even more as December is often an active month for sales due to tax planning.


CEOs and corporate insiders have sold a record $69 billion in stock in 2021, as looming tax hikes and lofty share prices encourage many to take profits.

From Satya Nadella at Microsoft to Jeff Bezos and Elon Musk, CEOs, founders and insiders have been cashing in their stock at the highest pace on record. As of Monday, sales by insiders are up 30% from 2020 to $69 billion, and up 79% versus a 10-year average, according to InsiderScore/Verity, which excludes sales by large institutional holders.

The selling is likely to increase even more as December is often an active month for sales due to tax planning.

While some market watchers see insider selling as a warning sign and signal of a market top, many of the stocks sold by the insiders — including Tesla and Amazon — have continued to surge after the selling. And most of the stocks were sold as part of prescheduled selling plans, known as 10b5-1 programs.

The bulk of this year’s sales have been highly concentrated among a few large sellers, including Musk and Bezos, who each sold around $10 billion in stock this year. Ben Silverman, director of research at InsiderScore/Verity said the top four “super sellers” — Musk, Bezos, the Waltons and Mark Zuckerberg — account for 37% of this year’s total.

“The increase in the dollar value of insider sales in 2021 can be attributed to multiple factors, with historically high stock valuations being the primary driver,” he said. “The presence of ‘super sellers’ during the period has help pump up sales total.”

Musk sold another $1.05 billion in Tesla stock last week as part of his options exercise and tax payments. His sales since his famous Twitter poll on Nov. 6 now total $9.85 billion, with about half for options-related taxes and the rest for a straight cash-out.

Jeff Bezos sold a total of $9.97 billion in Amazon stock this year. While his activity is roughly in line with his stock sales last year, they are four times larger than his sales in 2019 and far higher than his sales of $1 billion a year in earlier years. Filings with the Securities and Exchange Commission show the sales are part of a 10b5-1 plan.

The Walton family has sold $6.18 billion in Walmart stock this year through their family trust and investment vehicle. The family sells shares periodically to maintain their ownership levels and to fund their philanthropic efforts. Mark Zuckerberg has sold $4.47 billion in Meta stock this year as part of a 10b5-1 plan. Google founders Larry Page and Sergey Brin have each sold about $1.5 billion of their Alphabet shares as part of 10b5-1 plans.

Beyond the scheduled selling programs, however, taxes and high valuations are also fueling the sales. Microsoft CEO Satya Nadella sold off nearly half of his Microsoft shares last month for about $285 million. The company said in a statement that the sale was for “personal financial planning and diversification reasons.”

But Nadella will also save on taxes by selling now rather than next year. Starting Jan. 1, the state of Washington will impose a 7% tax on capital gains over $250,000. Nadella could save up to $20 million in state taxes by selling ahead of the tax hike. Bezos could save up to $700 million in Washington state taxes because he sold before January.

Federal taxes are also likely to increase for high earners, leading some CEOs to cash in to avoid the hikes. The House has proposed a new 5% surtax on income over $10 million and 8% on income over $25 million.

“Potential tax rate and code changes at the federal and state level are likely a motivator for some sellers,” Silverman said.

Perhaps the biggest factor driving up the sales total, however, is high stock valuations. Adam Aron, the CEO of AMC Entertainment, which is up more than 1,500% this year, sold 625,000 shares of AMC stock last month for about $25 million. He plans to sell a total of 1.25 million shares as part of what he told investors on an earnings call was “prudent estate planning” given the “potentially soaring capital gains tax rates and significant changes to what can be passed on to one’s heirs.”

visit this link https://www.cnbc.com/2021 .. eir-stock.html
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51 comments
 

 2 months ago '09        #2
messy marv stan  topics gone triple plat - Number 1 spot x75
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the its claims it allegedly cant afford to ruthlessly audit rich people


yet its gonna spare no expense hunting down people who supposedly owe a few hundred in extortion fees
+43   

 2 months ago '18        #3
ChrisPartlowFro 
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Gotta take profits before the new year
+21   

 2 months ago '06        #4
jester2trife 
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Everyone knows a recession is on deck. Basically selling for profits before the bottom falls out. Then theyll rebuy and make even more on the rebound. Takes money to make money.
+60   

 2 months ago '11        #5
Sin  topics gone triple plat - Number 1 spot x46 OP
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 ChrisPartlowFro said
Gotta take profits before the new year
maybe they feel its reached its peak
+3   

 2 months ago '07        #6
240ka  topics gone triple plat - Number 1 spot x1
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 jester2trife said
Everyone knows a recession is on deck. Basically selling for profits before the bottom falls out. Then theyll rebuy and make even more on the rebound. Takes money to make money.
We've been in a recession, futb
+16   

 2 months ago '20        #7
Xiox  topics gone triple plat - Number 1 spot x1
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 messy marv stan said
the its claims it allegedly cant afford to ruthlessly audit rich people


yet its gonna spare no expense hunting down people who supposedly owe a few hundred in extortion fees
I just read that you got banned what's going on ?
+8   

 2 months ago '18        #8
ChrisPartlowFro 
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 Sin said
maybe they feel its reached its peak
Maybe timing the markets is a fool’s errand so if they made a nice gain, might as well right?
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 2 months ago '17        #9
SPdaGOAT  topics gone triple plat - Number 1 spot x6
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Whole time I was thinking these n*ggas was crooks son
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 2 months ago '20        #10
SoufPawEd 
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They are secretly funding pharmaceutical companies to help create and distribute the covid pill.
+3   

 2 months ago '11        #11
PotheadFocker  topics gone triple plat - Number 1 spot x2
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 240ka said
We've been in a recession, futb
Respectfully disagree. Officially it’s been soaring up. Behind the scenes maybe not so much though
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 2 months ago '07        #12
240ka  topics gone triple plat - Number 1 spot x1
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 PotheadFocker said
Respectfully disagree. Officially it’s been soaring up. Behind the scenes maybe not so much though
What's been soaring exactly?
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 2 months ago '21        #13
JayMurdoch  topics gone triple plat - Number 1 spot x4
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smells like bear market
+2   

 2 months ago '09        #14
messy marv stan  topics gone triple plat - Number 1 spot x75
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 Xiox said
I just read that you got banned what's going on ?

i got slapped with a 2 day ban for including a cd download link in hip hop spot
+11   

 2 months ago '20        #15
Xiox  topics gone triple plat - Number 1 spot x1
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 messy marv stan said
i got slapped with a 2 day ban for including a cd download link in hip hop spot
Good looks my man , glad to see you're still alive
+5   

 2 months ago '18        #16
Pastor Ra  topics gone triple plat - Number 1 spot x25
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 messy marv stan said
i got slapped with a 2 day ban for including a cd download link in hip hop spot
Til this day, I still don't know where the thread for the rules are. Mostly my fault for not looking hard enough.
+2   

 2 months ago '18        #17
BrooklynDamien  topics gone triple plat - Number 1 spot x2
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 SoufPawEd said
They are secretly funding pharmaceutical companies to help create and distribute the covid pill.
Aezs
+1   

 2 months ago '19        #18
Number5  topics gone triple plat - Number 1 spot x4
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 JayMurdoch said
smells like bear market
smells like deez nuts



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 2 months ago '18        #19
Sparty89 
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All them n*ggas at the IRS like this
:tysonsucc ess:
+2   

 2 months ago '11        #20
PotheadFocker  topics gone triple plat - Number 1 spot x2
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 240ka said
What's been soaring exactly?
The Dow the nasdaq sh*t like that. Idk
+2   

 2 months ago '05        #21
I_REP_VA  topics gone triple plat - Number 1 spot x1
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US confirms first case of new COVID Omicron variant today.

sh*t could get spooky.

Get your cash ready. Another opportunity to change your lives if market crashes.

Or nothing will happen and market will keep going up.

No one can time this sh*t.
+7   

 2 months ago '11        #22
Sin  topics gone triple plat - Number 1 spot x46 OP
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 I_REP_VA said
US confirms first case of new COVID Omicron variant today.

sh*t could get spooky.

Get your cash ready. Another opportunity to change your lives if market crashes.

Or nothing will happen and market will keep going up.

No one can time this sh*t.
Omnicron looks like more of the last two years

Covid is looking seasonal, every fall and winter numbers will spike and drop come spring and summer


Last edited by Sin; 12-01-2021 at 05:35 PM..
+7   

 2 months ago '11        #23
edouble77 
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 Sparty89 said
All them n*ggas at the IRS like this
:tysonsucc ess:
I don't think they pay taxes like we do fam. I remember one year Warren Buffett said he paid 4 million dollars on 40 billion made one year. I was like wtf!
+3   

 2 months ago '16        #24
Homer Pimpson 
Props total: 38234 38 K  Slaps total: 7904 7 K
Make sure you keep track of those folks making $600 a month

+10   

 2 months ago '07        #25
240ka  topics gone triple plat - Number 1 spot x1
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 PotheadFocker said
The Dow the nasdaq sh*t like that. Idk
and what does that have to do with the actual economy?



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