Business · Markets · 15 hrs ago
US lawmaker disclosed sale of Telkom Indonesia shares
US Representative Josh Gottheimer sold shares in Telkom Indonesia on Oct.
15, according to a transaction disclosure filed on Nov.
5.
The shares trade in the United States, and the reported sale was valued between US$1,001 and US$15,000.
MSCI announced a consultation on Indonesia’s market status on the same day, proposing to reclassify it from an emerging market to a standalone market.
Indonesia’s stock market fell 11.57% the next day, Oct.
16.
The timing places Gottheimer’s sale amid a period of concern about a possible change to Indonesia’s status, but the disclosed information does not explain his reason for selling.
Telkom later reported quarterly earnings per share below analysts’ expectations, while its revenue was slightly above them.
US Representative Josh Gottheimer sold shares in Telkom Indonesia, according to a transaction disclosure reported by MarketBeat.
The sale took place on October 15, 2026, and was valued between US$1,001 and US$15,000.
The disclosure was reported on November 5, 2026.
On October 15, MSCI announced a consultation on a proposal to reclassify Indonesia from Emerging Market to Standalone Market.
Indonesia’s stock market fell 11.57% in trading on October 16, after the announcement.
- Who
- Josh Gottheimer, a Democratic US representative for New Jersey.
- What
- He sold shares in Telkom Indonesia.
- When
- October 15, 2026; the transaction was reported on November 5, 2026.
- Where
- The shares were traded on the New York Stock Exchange.
- Why
- Not stated.
This story does not have two clearly opposing sides.
Gottheimer sold Telkom Indonesia shares, and MSCI announced a consultation on a proposal to reclassify Indonesia’s market status.
Indonesia’s stock market fell 11.57% in trading.
Telkom Indonesia announced quarterly results, reporting earnings per share of US$0.22 and revenue of US$2.11 billion.
The transaction was reported in a disclosure.
CNBC Indonesia published its report on the sale.
- Seller
- Josh Gottheimer, Democratic US representative for New Jersey
- Company
- PT Telkom Indonesia Tbk.
- Sale date
- October 15, 2026
- Sale value
- US$1,001–US$15,000
- Transaction report date
- November 5, 2026
What people are saying
The transaction was conducted through his account at Morgan Stanley named MORGAN STANLEY - SELECT UMA ACCOUNT # 1