Limp Tiny Penis CEO Satya Nadella sold half his shares in Microsoft today - $285M
Microsoft CEO Satya Nadella recently sold nearly 840,000 shares of Microsoft stock in a series of transactions. Those shares were sold for over $285 million and made up roughly half of Nadella's stake in the company. Details of the sales were outlined in an SEC filing last week. Transactions occurred on November 22, 2021 and November 23, 2021.
According to Microsoft, the CEO sold his shares "for personal financial planning and diversification reasons." The company's statement added that Nadella "is committed to the continued success of the company and his holdings significantly exceed the holding requirements set by the Microsoft Board of Directors."
Some, including the Wall Street Journal, speculate that the move by Nadella may be connected to Washington state's upcoming capital gains tax. The law affects business ownership sales, including a 7% tax on stock sales over $250,000. That law goes into effect on January 1, 2022, which is the start of the 2023 fiscal year.
If Nadella sold shares of Microsoft after the new tax law went into effect, he would lose a sizeable sum of money compared to what he received through his recent transactions. Microsoft did not mention the upcoming capital gains tax in its statement.
Nadella sold 328,000 Microsoft shares back in 2018 (via CNBC). That sale earned the CEO $35 million. At the time, trade prices ranged from $109.08 to $109.68. In contrast, sale prices ranged from $334 to $349 on the most recent dates Nadella sold shares.
https://www.windowscentral.com/microsoft-ceo-sells-285-million-worth-stock-ahead-new-capital-gains-tax-law-washington-state