Michael Saylor Announces Sale of $216M in MicroStrategy Shares
Michael Saylor, the executive chairman of MicroStrategy, has started a four-month process of selling $216 million worth of his shares in the company.
In an SEC filing on January 2, it was disclosed that Saylor has begun selling his 315,000 stock option awards that were granted to him in April 2014.
These options are set to expire on April 30, 2024. According to the filing, Saylor sold his first tranche of 5,000 shares on January 2.
During the company’s third-quarter earnings call on November 2, Saylor announced that he plans to sell 5,000 shares of MicroStrategy daily for the next four months. He stated that this would help him address personal obligations and increase his personal holdings of Bitcoin.
In regards to the sale, Saylor said, “Exercising this option will allow me to address personal obligations as well as acquire additional Bitcoin to my personal account.”
