November 14, 2025
Microsoft exec Brad Smith sells nearly $17 million in stock

Microsoft exec Brad Smith sells nearly $17 million in stock

Microsoft exec Brad Smith sells nearly $17 million in stock – MarketWatch

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Last Updated: Aug. 3, 2023 at 9:08 p.m. ET First Published: Aug. 3, 2023 at 2:42 p.m. ET

The Microsoft president and veteran employee still owns $192 million worth of the stock

Brad Smith joined Microsoft in 1993.

MarketWatch/Microsoft

[]Longtime Microsoft Corp. executive Brad Smith dumped nearly $17 million worth of Microsoft shares earlier this week, new disclosures show.

[]Smith, who serves as Microsoft’s MSFT, -0.26% vice chair and president, sold 50,000 shares of the company on Tuesday, according to a filing with the Securities and Exchange Commission made public Wednesday. He sold at prices ranging from $336.35 to $338.04.

[]The sales, worth $16.9 million, came as Microsoft shares had surged 40% over the first seven months of the year.

[]Opinion: Microsoft’s AI payday will take time, and investors need to be patient

[]Smith remains heavily invested in Microsoft, owning just over 588,000 shares directly as of Wednesday’s filing. That position amounts to roughly $192 million based on recent prices. FactSet lists Smith within the top 10 insiders or stakeholders in terms of his Microsoft stock ownership.

[]A Microsoft spokesperson said that Smith’s recent selling activity has represented a small percentage of his holdings. He’s sold stock on the open market at four points in the past three years, including this week, and each instance has represented a single-digit percentage of his position.

[]He’s been with the company since 1993 and in the president role since 2015. In his prior position as general counsel, he helped “resolve the company’s antitrust controversies with governments around the world and companies across the tech sector,” according to the biography of him on the company’s website.

[]Microsoft reported earnings last week, beating expectations for the most recent quarter but also detailing the costs associated with its artificial-intelligence push.

[]Read: Microsoft and Google can’t stop talking about AI, and this chart proves it

[]Don’t miss: Microsoft utters a dreaded word, but bulls on its stock are still cheering

DraftKings stock rallies on surprise profit, more upbeat full-year sales forecast, as new sports-betting customers roll in

[]Shares of DraftKings Inc. rallied after the online sports-betting platform reported a surprise second-quarter profit and raised its full-year sales forecast.

[]Emily Bary is a MarketWatch reporter based in New York.

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