Just days after PlayStation announced that all new games will be digital-only starting in 2028, Sony President and CEO Hiroki Totoki sold 225,000 Sony shares.
According to a recent SEC filing, Totoki sold the shares on July 3 for an estimated $4.73 million.
The sale represented 56.5% of his holdings in that class of Sony stock, leaving him with 173,250 shares.
The stock sale happened shortly after Sony announced its move toward an all-digital future for new PlayStation games after huge backlash from everyone