Microsoft Corp. Chief Executive Officer Satya Nadella sold 86,525 shares of the company’s common stock on Sept. 1, 2026, under a prearranged trading plan adopted on March 8, 2026, according to regulatory filings.
The transactions were executed at prices ranging from $498.2396 to $505.1997 per share, totaling $43,388,532. Microsoft’s shares were trading at $496.82 at the time of the filing, reflecting a market capitalization of approximately $3.69 trillion.
Following the sale, Nadella retains direct ownership of 486,762.534 shares and indirect holdings of 431,464 shares held through Grantor Retained Annuity Trusts. The company’s stock has delivered a 23% return over the past six months.
The sale was conducted under Rule 10b5-1, a mechanism designed to allow corporate insiders to execute trades during blackout periods by setting parameters in advance. Microsoft did not immediately respond to requests for comment on the transactions.
Analysts have recently revised earnings estimates upward for Microsoft, with BofA Securities raising its price target to $600, citing strong artificial intelligence growth and accelerated expansion of its Azure cloud platform in the fourth quarter of fiscal 2026. JMP Securities maintained a Market Outperform rating, noting ongoing discussions between Microsoft and China’s Moonshot regarding potential revenue-sharing agreements.
Microsoft also released updated segment reporting materials for fiscal 2027, restating historical financial data to align with its strategic focus on AI infrastructure and cloud productivity. Separately, Abu Dhabi-based AI firm G42, which counts Microsoft, Mubadala Investment Co., and Silver Lake among its investors, is in advanced talks to raise billions of dollars from new investors, though no final agreements have been finalized.
