The richest man in the world continues to diversify his holdings past the corporate he co-founded 40 years in the past.
A brand new list compiled by news alert service Sqoop, primarily based on SEC filings, exhibits that Bill Gates offered $717 million price of Microsoft stock in the first half of the 12 months, topping the rating of U.S. company insiders who’ve offered essentially the most stock this 12 months.
Gates, who owned 3.6 percent of the company as of last September, has been promoting shares at an everyday tempo for years, which resulted in former Microsoft CEO Steve Ballmer surpassing Gates as the corporate’s largest particular person shareholder final 12 months.
Though Gates is on the high of the list, he’s not alone as a founder promoting shares. Sqoop’s rating, when scrubbed of Wall Avenue insiders, consists of a big quantity of high tech executives. Out of the highest 19, 9 of the insiders who’ve offered essentially the most stock are from the tech trade, together with Netflix’s Reed Hastings, Google’s Larry Web page and Sergey Brin, and Salesforce’s Marc Benioff.
Different notables on the list embody Tableau Software program’s Chris Stolte, who offered $105 million price of stock, in line with the list.
Right here’s the Sqoop list. See this post on the site for extra.