Stocks
Nadella Sells $43 Million in Microsoft Stock Under Pre-Set Trading Plan
Microsoft CEO Satya Nadella has sold $43 million worth of company stock in a series of transactions. The sale, which took place on September 1, involved 86,525 shares traded at prices between $498 and $505 per share.
Nadella's sale was made under a Rule 10b5-1 trading strategy, which allows executives to set instructions for selling stock in advance. This reduces the significance of the transaction as a signal about management's view of the company.
The sale is notable for its size, but not necessarily for its implications for Microsoft's prospects. Nadella still holds around 486,763 shares outright, giving him a significant personal stake in the company.