MicroStrategy founder Michael Saylor signed a share sale agreement with the company last year, allowing him to sell up to 400,000 shares this year through April. With the program more than 90% complete, Saylor has netted about $370 million from this year's share sale, thanks to a significant increase in the value of MicroStrategy (actually Bitcoin). Saylor is MicroStrategy's largest shareholder, with its Class B holdings worth about $2.30 billion.
As of the end of 2023, Saylor owned 400,000 additional Class A shares as a result of options he acquired in 2014, which he is rapidly selling. As of this week, Saylor had sold 370,000 shares worth a total of $372.70 million, filings show. As of the latest sale disclosed Thursday, his holdings of Class A shares had fallen to 30,000.
Michael Saylor made $370 million selling MicroStrategy stock
2024-04-19 12:38:13
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