Microsoft
Chief Executive Officer
Satya Nadella
has sold a significant amount of his shares in the company. According to a report in the Investing website, the transaction took place on August 23 where Nadella sold 7,199 of his shares at an average price of $417.412 (approx. Rs 35,000), amounting to a total value of approximately $6,009,897.
The sale occurred through multiple trades with prices ranging from $416.860 to $417.045.
According to the
SEC filing
âs footnotes, Nadella conducted these sales through indirect ownership by GST.
The recent stock sale is part of the regular financial disclosures that executives of publicly-traded companies are required to make. Public disclosure of stock ownership is mandated by the SEC exclusively for company insiders and individuals holding over 5% of a company's shares.
Post the sale, Nadella now owns 786,932.685 shares of Microsoft stock.
As per the report, Nadella declared that he does not have any beneficial ownership of these securities, stating that this report should not be considered an admission of beneficial ownership for the purposes of Section 16 or any other context.
While stock transactions by top executives like Nadella can be part of a routine financial management, these are closely watched by investors and the market at large for any potential signals they may provide.
The sale occurred through multiple trades with prices ranging from $416.860 to $417.045.
Why Satya Nadella informed about the sale
The recent stock sale is part of the regular financial disclosures that executives of publicly-traded companies are required to make. Public disclosure of stock ownership is mandated by the SEC exclusively for company insiders and individuals holding over 5% of a company's shares.
As per the report, Nadella declared that he does not have any beneficial ownership of these securities, stating that this report should not be considered an admission of beneficial ownership for the purposes of Section 16 or any other context.
While stock transactions by top executives like Nadella can be part of a routine financial management, these are closely watched by investors and the market at large for any potential signals they may provide.
