MicroStrategy CEO Sells $11.1M Shares to Cover Tax Bill
MSTR•MSTR•MSTR•MSTR•MicroStrategy CEO Phong Le sold 93,738 shares at a weighted average of $118.73 on June 5, raising about $11.1 million. The sale, executed under a Rule 10b5-1 plan to cover tax obligations on 190,740 vested performance units, leaves him holding 119,925 shares.
On June 5, Phong Le executed a sale of 93,738 MicroStrategy shares at a weighted average price of $118.73, resulting in proceeds of approximately $11.1 million.
The transaction was designed to cover tax liabilities triggered by the vesting of 190,740 performance stock units, which paid out at 200% due to top-quartile three-year returns.
The sale was conducted under a Rule 10b5-1 trading plan established in May 2024, meaning the timing was pre-scheduled rather than opportunistic.
Although the sale addresses personal tax obligations, it has raised questions about MicroStrategy’s image as a pure Bitcoin proxy and may influence short-term investor confidence.
