Satya Nadella Sold His Shares In Microsoft, Nearly $300 Million.!

According to the SEC, the software maker's CEO lost nearly $300 million in assets last week.

According to a federal securities filing, Microsoft Corp. Chief Executive Satya Nadella sold nearly half of his shares in the company last week.

Following a minor price drop in its shares, the top-tier tech company has become a hot topic in the US stock market. Following this, Microsoft stepped out to clarify the situation around its CEO's stock sales. The Redmond-based corporation stated in a statement on Monday that "Nadella sold the shares for personal financial planning and diversification reasons." He is committed to the company's long-term success, and his holdings far outnumber the Microsoft Board of Directors' minimum requirements."

Ahead of the new tax law, Microsoft's CEO sells company stock.

Meanwhile, Nadella's stock sale comes as Washington State prepares to implement a contentious new capital gains tax. A new law passed by US lawmakers in April, aimed primarily at the sale of stocks and real estate in companies, imposes a 7% tax on long-term capital gains over $250,000. The state will impose the newly passed tax, which is the first of its kind in history, on January 1, 2022. However, Microsoft's statement on stock sales made no mention of whether or if the tax component was factored into his 'personal financial planning.'

On Monday, Microsoft's stock finished at $336.63, up more than 2% from the previous day. Microsoft stock, which was trading at roughly $36.35 when Nadella took over as CEO in February 2014, took a huge leap under his leadership. According to Microsoft's Securities and Exchange Commission filing, Nadella sold his shares in numerous transactions on November 22 and 23. Meanwhile, Microsoft's annual shareholder's meeting is scheduled for Tuesday morning.

Microsoft's CEO, Satya Nadella

Satya Nadella, a Hyderabad native, became the Executive Chairman and CEO of Microsoft in 2014, succeeding Steve Ballmer as CEO and John W Thompson as Chairman in 2021. Nadella joined Microsoft in 1992 and became known for creating memorable products, eventually rising to become the Vice President of Microsoft's Cloud and Enterprise group. In February 2014, the former Sun Microsystems employee switched gears to become Microsoft's CEO. He is a member of the Fred Hutchinson Cancer Research Center's board of trustees.

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