CEO Satya Nadella sells about half of his Microsoft shares

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Microsoft Corporation MSFT,
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Chief executive Satya Nadella sold nearly half of his shares in the company last week, according to a federal securities filing.

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in filing last week Along with the U.S. Securities and Exchange Commission, the Redmond, Wash.-based software company reported that Nadella sold 838,584 shares in two days, roughly 1.7 million shares.

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Nadella benefited more than $285 million from the transaction. This is the biggest stock sale ever for Nadella, according to InsiderScore.

“Truth sold approximately 840,000 shares of its holdings of Microsoft stock for reasons of personal financial planning and diversification,” a Microsoft spokesperson said in a written statement. “He is committed to the continued success of the company and his holdings significantly exceed the holding requirements set by the Microsoft Board of Directors.”

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Analysts said the move may relate to Washington state setting up a 7% tax for long-term capital gains above $250,000 a year early next year.

An expanded version of this report appears on WSJ.com.

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