In the last 12 months, 20 billionaires, such as Mark Zuckerberg and Jack Dorsey, have sold a significant amount of shares
Last week, Microsoft CEO Satya Nadela sold about half of her shares in the company. The information about this comes from the American Securities and Exchange Commission, the Wall Street Journal reports.
On November 22 and 23, Satya Nadela sold 838,584 securities worth $ 285.4 million. Nadella previously owned about 1.7 million shares in Microsoft. For Nadela, this is the largest single sale of Microsoft shares, writes InsiderScore.
“Satia has sold about 840,000 shares of its stake in Microsoft for personal financial planning and diversification. He is committed to the company’s continued success and has assets that go far beyond the requirements set by Microsoft’s board of directors.“, said in an official statement from a Microsoft spokesman, citing the WSJ.
According to analysts, Nadela has sold her shares because since the beginning of 2022, the state of Washington has imposed a 7% tax on long-term capital gains over $ 250,000 a year. On Monday, the company’s share price rose more than 2% to $ 338.
Forbes reports that in the last 12 months, 20 billionaires, such as Mark Zuckerberg and Jack Dorsey, have sold a significant amount of shares in their companies.
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