2025 Top 10 Insider Sell-Offs: Bezos, Former Oracle CEO, Jensen Huang, and Zuckerberg All Make the List
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In 2025, gains in the U.S. stock market were largely led by mega-cap technology companies. At the same time, key executives at these companies, acting as insiders, made substantial stock sales—a group of billionaire founders, CEOs, and board members cashed out over $16 billion in total.
The largest transaction came from Amazon’s Jeff Bezos. He began selling stocks around the time of his wedding to Lauren Sanchez, selling 25 million shares of Amazon stock for about $5.7 billion.
Fueled by the frenzy that anything related to artificial intelligence would surge, tech stocks soared, boosting the wealth of some relatively low-profile executives, such as Jayshree Ullal, CEO of Arista Networks. As a rare “non-founder” billionaire CEO, her net worth jumped to over $6 billion last year, during which she sold nearly $1 billion in stock.
Almost all major insider sales used 10b5-1 trading plans, which are pre-announced, pre-arranged stock sale plans.
Below are the ten largest insider sales transactions of 2025. Data covers filings disclosed up to December 30, and includes trades disclosed by board members on behalf of companies.
1. Jeff Bezos
Title: Amazon Chairman
Number of shares sold: 25,000,000
Total amount sold: $5,654,270,394
In 2025, Bezos sold 25 million shares of Amazon through a pre-arranged trading plan, which went into effect the same weekend as his wedding in Venice. During June and July, he cashed out about $5.7 billion. According to Bloomberg Billionaires Index, Bezos has cumulatively sold over $50 billion of Amazon stock since 2002.
In recent years, Bezos has diversified his investments, often using proceeds from stock sales to support his space company—Blue Origin.
2. Safra Catz
Title: Former Oracle CEO
Number of shares sold: 12,500,000
Total amount sold: $2,531,343,305
The former Oracle CEO has long converted her shares into cash as soon as acquiring them, and continued this pattern in 2025. Through a 10b5-1 plan, Catz exercised and sold a large number of performance stock options acquired during the first half of the year, coinciding with Oracle’s stock price hitting a record high. Unlike founder Larry Ellison, who mainly holds Oracle shares, Catz now owns only about 1.1 million shares. After serving as CEO for 11 years, she stepped down in September 2025, becoming Vice Chair.
3. Michael Dell
Title: Dell Technologies CEO
Number of shares sold: 16,253,968
Total amount sold: $2,222,753,261
Dell drew attention in December when he and his wife Susan announced a $6.25 billion donation to establish "Trump Accounts" for 25 million American children. Part of this may have come from his steady stock selling throughout the year.
In June and October 2025, Dell sold more than $2 billion in stock during two rounds, without using a 10b5-1 plan, bringing his cumulative sales to over $13 billion. He still owns about 40% of the company.
4. Jensen Huang
Title: Nvidia CEO
Number of shares sold: 6,000,000
Total amount sold: $1,048,586,165
When Huang first declared his Nvidia stock sales, he expected to cash out about $865 million, but with the stock price rising, the final amount exceeded $1 billion.
During his sales, Nvidia became the world’s first company to reach $4 trillion, then $5 trillion in market capitalization. Huang also donated more than $300 million to charity and his foundation.
5. Jayshree Ullal
Title: Arista Networks CEO
Number of shares sold: 7,560,143
Total amount sold: $975,839,433
In 2025, Arista Networks' stock price soared nearly 50%, and Ullal’s sales set a personal record. Still, most of her $6.1 billion net worth is tied to her 2.4% stake in the company.
She is one of four billionaires associated with Arista and one of the world’s wealthiest non-founder female CEOs.
6. Mark Zuckerberg
Title: Meta Platforms CEO
Number of shares sold: 1,387,605
Total amount sold: $944,785,836
Thanks to Meta’s full embrace of AI, its stock price was up 13% in 2025. Zuckerberg and the Chan Zuckerberg Initiative sold almost $945 million in stock.
Zuckerberg previously pledged to donate 99% of his shares in his lifetime and currently owns about 13% of the company. It was a turbulent year for his philanthropy: the organization underwent layoffs, shifted strategic priorities, and severed ties with a pro-immigration group he helped found.
7. Max de Groen, representing Bain Capital
Title: Nutanix Board Member
Number of shares sold: 10,980,467
Total amount sold: $830,759,670
This Nutanix director represents Bain Capital. Over the past year, Bain Capital sold about two-thirds of its stake in the cloud company. Last summer, the Boston-based investment firm converted a convertible bond into stock, acquiring 16.9 million shares. Groen stated in June 2024 that Bain had no intention to sell these shares. Nevertheless, Bain sold nearly 11 million shares in two transactions in March and June, both disclosed under Groen’s name. Nutanix reached a high in May, but after lowering its 2026 revenue forecast, the stock fell by double digits in November.
8. Frank Slootman
Title: Snowflake Chairman
Number of shares sold: 3,437,162
Total amount sold: $757,721,569
Since stepping down as Snowflake CEO in 2024, Slootman has continued to exercise and sell shares via a 10b5-1 plan. Having led three tech companies, he has amassed billionaire-level wealth exceeding that of Apple’s Cook and Microsoft’s Nadella, other non-founder CEOs. Slootman remains Chairman of Snowflake.
9. Nikesh Arora
Title: Palo Alto Networks CEO
Number of shares sold: 4,000,000
Total amount sold: $738,421,375
Former SoftBank executive Arora became CEO of cybersecurity firm Palo Alto Networks in 2018, with a lucrative pay package. Since then, the billionaire has regularly exercised and sold stock options monthly under a 10b5-1 plan, cashing out nearly $740 million in 2025. Earlier this year, Arora also joined other tech investors in acquiring a UK cricket team.
10. Baiju Bhatt
Title: Robinhood Board Member, Co-founder
Number of shares sold: 7,697,404
Total amount sold: $724,926,811
Robinhood’s co-founder Bhatt briefly made it into the world’s top 500 richest people in 2025 as the company’s shares quadrupled that year. Shares later declined, but Bhatt had already cashed out nearly $725 million. The former co-CEO sold 7.7 million shares during the year, including several million outside his established trading plans. His net worth now sits at about $6.7 billion, down from a $8.9 billion peak in October.
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