Episode

Serge Saxonov’s Major Stock Sale Explained

Podcast
Business News Today | 2 Min News | The Daily News Now!
Published
Jun 1, 2026
Duration seconds
100
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Summary

Serge Saxonov, CEO of 10x Genomics, dumped nearly 29,000 shares in a big move worth $709K — the largest such sale in two years. But don’t panic: half was tax-related, half was from a pre-approved plan to avoid insider trading suspicions. He still owns over a million shares directly and indirectly. The stock surged after the sale, hitting a new yearly high — hinting his move was more about financial planning than losing confidence in the company. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/90e554c39ac0fac8