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Microsoft CEO sells half his stake in the company ahead of new state capital gains tax
Technology
Microsoft CEO sells half his stake in the company ahead of new state capital gains tax
By Alex Halverson – Reporter, Puget Sound Business Journal
Nov 29, 2021
Microsoft Corp. (Nasdaq: MSFT) CEO Satya Nadella sold almost half of his stake in the company last week, when its stock prices were coming down from an all-time high, according to a Securities and Exchange Commission filing.
The Redmond-based tech giant disclosed Nadella sold 838,584 shares between Nov. 23 and Nov. 24 for more than $285 million. Share prices ranged from $334 to $349 over those two days, according to the filing. Before Nov. 23 he had about 1.67 million shares of the company.
A Microsoft spokesperson said Nadella sold the shares for personal financial planning reasons.
"He is committed to the continued success of the company and his holdings significantly exceed the holding requirements set by the Microsoft Board of Directors," the spokesperson said in a statement.
It's the most Nadella has ever sold at one time during his time with Microsoft, according to previous SEC filings. In 2018, Nadella sold about 30% of his stake in the company at the time for about $35 million. Microsoft stock prices were around $110 per share at the time.
{snip}
Microsoft CEO sells half his stake in the company ahead of new state capital gains tax
By Alex Halverson – Reporter, Puget Sound Business Journal
Nov 29, 2021
Microsoft Corp. (Nasdaq: MSFT) CEO Satya Nadella sold almost half of his stake in the company last week, when its stock prices were coming down from an all-time high, according to a Securities and Exchange Commission filing.
The Redmond-based tech giant disclosed Nadella sold 838,584 shares between Nov. 23 and Nov. 24 for more than $285 million. Share prices ranged from $334 to $349 over those two days, according to the filing. Before Nov. 23 he had about 1.67 million shares of the company.
A Microsoft spokesperson said Nadella sold the shares for personal financial planning reasons.
"He is committed to the continued success of the company and his holdings significantly exceed the holding requirements set by the Microsoft Board of Directors," the spokesperson said in a statement.
It's the most Nadella has ever sold at one time during his time with Microsoft, according to previous SEC filings. In 2018, Nadella sold about 30% of his stake in the company at the time for about $35 million. Microsoft stock prices were around $110 per share at the time.
{snip}