The figure, compiled by InsiderScore / Verity, which analyzes the operations of the “insiders” to generate investment ideas and has institutional managers as clients, is due to “a combination of factors” led by the rapid revaluation of the shareshis research director, Ben Silverman, told EFE. “The appreciation of (stock) prices, unsurprisingly, has resulted in some ‘insiders’ behaving opportunistically,” added Silverman.
The top seller of 2021 by fundraising value is Jeff Bezos, founder of Amazon and now dedicated to his space travel company Blue Origin and philanthropic projects, which has sold $ 9.97 billion worth of stock throughout the world. year 2021, attributed to a preconfigured plan called “10b5-1”.
Broadly speaking, the “10b5-1” plans, established by the Securities Market Commission (SEC), allow large holders of shares to set up passive purchase and sale transactions in advance to avoid being accused of the use of inside information.
Bezos’s sales on Amazon “were not unusual, and in 2020 he sold even more shares than this year”, but those of another of the richest men in the world, Elon Musk, the founder of Tesla, do catch the expert’s attention: “It had not sold since 2010, in the IPO of the company.” Musk has raised $ 5.4 billion in just one month since he put a vote on the fate of a portion of his shareholding on Twitter on November 6, with the option to sell as the winner.
The founder of Meta (new name for Facebook), Mark Zuckerberg, disbursed this year US $ 4.47 billion with sales practically daily, and the founders of Google, Larry Page and Sergey Brin, have obtained about US $ 1.500 million, all of them following these types of plans.
The Walton family, the richest in the United States and heir to the Walmart supermarket chain, meanwhile, earned $ 6.18 billion since January as part of regular sales destined for their non-profit foundation.
Satya Nadella, Microsoft’s CEO, was making headlines this week for his decision to sell more than half of his company shares, about $ 840,000, for $ 285 million due to “personal reasons. planning and financial diversification ”.
There are suspicions that another implicit reason for these massive sales of shares has to do with taxation, since the pressure may soon increase: in the state of Washington – where Microsoft is based – from January there will be a higher tax on income long-term capital, and at the federal level, a higher tax rate on millionaire income is debated in Congress.
Source From: Ambito
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