Satya Nadella, Microsoft’s CEO, sold half of his stake in the company last week. WHAT. Is there a stake-selling fever going around in the billionaire community?? This is the second time this month a major CEO has liquidated a sizable share of their company.
Or maybe the selloffs have something to do with Washington’s instatement of a 7% tax on long-term capital gains for amounts larger than $250K? 🤔 The tax starts in Jan 2022… a coincidence?
Whatever the reason, Nadella sold 838,584 shares of Microsoft last week worth about $285 million. He previously held 1.7 million shares.
Despite the insider selling, $MSFT has risen 52.3% YTD and broken through the $300 level to $336.54.
