Michael Saylor, MicroStrategy’s mastermind, pocketed an impressive $372.7 million this year by offloading approximately 370,000 shares. This represents more than nine-tenths of his previously announced selling plan.
Using a strategic plan called a 10b5-1 selling schedule, Saylor was able to sell a maximum of 5,000 shares per day from January to April. This selling was tied to an option for vested stock that would expire on April 30, 2024. Now, he owns only 30,000 shares remaining after his most recent transaction.
In contrast to dropping by 37% from its peak in March, MicroStrategy’s shares have shone brightly, surging 91% this year following a remarkable gain of 346% in 2023.
Michael Saylor, a significant investor in MicroStrategy, holds approximately $2.3 billion worth of Class B shares. Furthermore, he owns an extra 400,000 Class A shares obtained from options granted in 2014. His recent decision to sell these shares has been kept under the radar but was disclosed in the company’s third-quarter earnings report last November. This unexpected move has generated curiosity among investors.
Although Saylor sold a significant amount of stocks, most of his wealth is held in MicroStrategy’s Class B shares. Additionally, he owns approximately 17,732 Bitcoins, acquired in 2020, which are now worth roughly $1.1 billion.
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2024-04-20 13:56