Disney (DIS.US) saw its stock price rise on Thursday due to the news of two consecutive quarters of streaming media profitability, while there were reports that CEO Bob Iger also plans to sell Disney stocks.

Reports indicate that on August 14th, Bob Iger adopted a 10b5-1 plan, and after using existing stock options to acquire shares, plans to sell up to 372,412 shares of stocks. Based on Disney's recent trading price of $110.11, the total value of stocks Bob Iger plans to sell is $41 million.

Disney disclosed Bob Iger's stock sale plan in regulatory filings for the fiscal year ending on September 28th. The stock options of this plan will expire on December 18th this year.