United Statesdollar series has continued to debate the issue of tax increases for the rich in recent weeks. An application in this regard will be enacted by the state of Washington from the beginning of next year. Accordingly, the state will impose a 7% tax on individuals on any long-term capital gains in excess of $250,000.
Before this application went into effect, there was a suspicious movement on the part of Microsoft. Microsoft CEO Satya Nadella sold half of his shares in the company. According to the records in the SEC filings, the sale took place last week. Nadella sold 838,584 of his approximately 1.7 million shares in two days.
Received a total of $285 million:
According to calculations, Nadella earned a total of 285 from this sale. million dollars in revenue . The transaction was Nadella’s highest ever share sale. Considering that Nadella has sold almost half of his shares, we can think that his share in Microsoft is close to 285 million dollars.
So why did he sell it?
Nadella sold its shares for personal finance planning and certain ‘varietal selling’ reasons , according to a Microsoft spokesperson in a written statement to the Wall Street Journal. However, according to many analysts, the main reason for Nadella’s sale of shares was the tax application that Washington would enact, which we mentioned at the beginning of the article.
Nadella, who took over Microsoft in 2014, has since pushed Microsoft even higher in the series’ most valuable company rankings. Microsoft has gained 780% in value since Nadella became CEO and is now trading at $2.53 trillion by market cap.
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