Another Microsoft Corp. executive has been selling stock on the heels of a strong recent run.
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Chris Capossela, the company's chief marketing officer, sold $2.85 million worth of stock this week through Wednesday, adding to the $1.55 million worth of shares that he sold last week.
Capossela sold 5,000 shares of Microsoft at an average price of $308.705 Tuesday, and he sold another 4,177 shares at an average price of $312.905 Wednesday, according to a Wednesday filing with the Securities and Exchange Commission.
A prior filing, released Monday, showed that Capossela dumped 5,000 shares of Microsoft at a $310.05 average price last Friday.
Caposella's sale of Microsoft shares comes as the stock has logged a strong start to the year, rising 29% to a recent $310. The stock is up 45% from its 52-week closing low of $214.25 seen Nov. 3, 2022.
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He sold stock on the open market at two other points in 2023, dumping 1,000 shares Feb. 9 at an average price of $269.38 and selling another 1,000 on Feb. 13 at an average price of $272.32.
Capossela has had a long career with Microsoft since joining the tech powerhouse in 1991 as the marketing manager for the Windows Seminar Team. He still owns about 105,200 shares of Microsoft directly, according to the latest filing from Wednesday.
He joins Judson Althoff, the company's chief commercial officer, in making recent stock sales. Althoff sold 30,000 shares of Microsoft at average prices just above $306 on May 1, pocketing $9.2 million from the move.
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