Recent filings reveal that Christopher Capossela, the Chief Marketing Officer of Microsoft Corp., has been steadily selling his company's stock, totaling over $7.5 million in sales this month.
On May 18, Capossela sold 5,000 shares of Microsoft stock at an average price of $316.87, resulting in a transaction value of $1.58 million. This occurred while the stock was trading at a level approximately 8% below its all-time closing high from November 19, 2021, of $343.11.
In addition to this sale, Capossela sold 5,081 shares at an average price of $312.54 on May 16, 4,177 shares at an average price of $312.91 on May 10, and 5,000 shares at an average price of $308.71 on May 9. On May 5, he also cashed out 5,000 shares at an average price of $310.05.
Microsoft has not yet provided a comment on Capossela's stock sales in response to a request.
Currently, Capossela directly owns 89,327 shares of Microsoft stock, valued at approximately $28.7 million. He also has an indirect ownership of an additional 1,304 shares through a trust.
Capossela has taken advantage of the strong rally in Microsoft's stock with his recent sales. The stock has experienced a 50% increase from its 52-week closing high of $214.25, which was achieved on November 3, 2022.
According to previous filings, Capossela also made two open-market sales of Microsoft shares earlier in 2023. On February 13, he sold 1,000 shares at $272.32 each, and on February 9, he sold 1,000 shares at an average price of $269.38.
With over three decades of experience at Microsoft, Capossela began his journey as a marketing manager for the Windows Seminar Team and later played a crucial role in transitioning Microsoft Office from on-premises software to Office 365.
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