MicroStrategy founder Michael Saylor will sell 315,000 shares of MicroStrategy stock, starting from January 2, 2024, until April 25, in daily increments of 5,000 shares. These shares were acquired in 2014 as options, and he had chosen to receive only a $1 salary at that time. These options will expire if not exercised. The proceeds from the sale will be used for his personal financial planning, including the purchase of Bitcoin. However, even after selling these shares, he will still retain a majority of the ownership.
"Michael Saylor, Founder of MicroStrategy, Initiates Daily Stock Selling Plan to Acquire Bitcoin"