Zuckerberg, Dimon, Catz Sell Billions in Stock Before Trump Tariff Announcement

In the first quarter of 2025, several major corporate insiders, including Meta CEO Mark Zuckerberg, JPMorgan Chase CEO Jamie Dimon, and Oracle CEO Safra Catz, sold billions of dollars' worth of stock prior to President Donald Trump’s April 2 tariff announcements, which triggered a significant market downturn. Zuckerberg sold 1.1 million Meta shares for $733 million through his foundation while the stock was trading above $600; since then, Meta’s share price has dropped by 32%. Dimon sold about $234 million of JPMorgan stock, and Catz offloaded 3.8 million Oracle shares worth $705 million before those companies’ stocks also fell sharply. The tariffs, announced on what Trump dubbed 'Liberation Day,' led to a historic two-day market crash and wiped out trillions in market value, with tech giants particularly hard-hit. These large, well-timed stock sales have sparked questions about insider knowledge and timing, though overall insider selling in Q1 2025 was lower than the previous year. Despite the widespread selloff, some insiders have taken the opportunity to buy shares at depressed prices, reflecting complex market dynamics.