NetEase General Counsel sold 10,000 shares at $128.30 for $1.3M, reducing holdings by 45%
Paul William Jr Boltz, General Counsel of NetEase, executed a substantial sale of 10,000 shares at $128.30 on 2026-06-29, reducing his holdings from 22,223 shares to 12,223 shares—a 45.0% reduction in position size. At the time of sale, the stock was trading at $128.30; the current price of $129.16 shows minimal deviation post-transaction. The sale occurred when the stock is currently -19.0% below its 52-week high of $159.55 but has appreciated +5.2% over the past 30 days and +15.4% over the past 90 days, suggesting modest recent momentum. As a senior officer with significant financial authority, the General Counsel's decision to liquidate nearly half his shareholding warrants attention to assess whether this reflects changing views about the company's near-term trajectory or other personal capital allocation priorities.