Microsoft President Brad Smith reduced his stake in 50, 000 shares, cashing out nearly $1700.

Thanks to CTOnews.com netizen OC_Formula for the clue delivery! CTOnews.com August 4 news, the latest disclosure shows that Microsoft MSFT vice chairman and president Brad Smith (Brad Smith) sold nearly $17 million worth of Microsoft shares earlier this week.

Smith sold 50, 000 shares of the company on Tuesday, according to a filing with the Securities and Exchange Commission on Wednesday. His prices range from $336.35 to $338.04, with a total cash turnover of $16.9 million (CTOnews.com Note: currently about 121 million yuan). Meanwhile, Microsoft shares soared 40% in the first seven months of this year.

However, Smith still invested heavily in Microsoft, directly owning more than 588,000 shares as of Wednesday's filing. Based on the most recent price, it is about $192 million (currently about 1.379 billion yuan). FactSet lists Smith as one of the top 10 insiders or stakeholders in Microsoft's stock ownership.

A Microsoft spokesman said Smith's recent sale accounted for only a small portion of his stake. In the past three years, including this week, he has sold four-point shares on the open market, each representing the single digits of his position.

Brad Smith has worked at Microsoft since 1993 and has been president since 2015. During his previous tenure as general counsel, Brad Smith helped "resolve antitrust disputes between the company and governments and technology companies around the world," according to Microsoft's website.