By Aaron Tilley
Microsoft Corp. Chief Executive Satya Nadella sold about half of his shares in the company last week, according to a federal securities filing.
In the filing last week with the U.S. Securities and Exchange Commission, the Redmond, Wash.-based software company reported Nadella sold 838,584 shares over two days, down from close to 1.7 million shares.
The transaction yielded more than $285 million for Mr. Nadella. This is the single-largest stock sale for Nadella, according to InsiderScore.
“Satya sold approximately 840,000 shares of his holdings of Microsoft stock for personal financial planning and diversification reasons,” a Microsoft spokesman said in a written statement. “He is committed to the continued success of the company and his holdings significantly exceed the holding requirements set by the Microsoft Board of Directors.”