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Tech Industry

Gates to sell 5 million Microsoft shares

Microsoft Chairman Bill Gates filed plans with the Securities and Exchange Commission to sell 5 million shares of stock in his company. The planned sales are valued at $335.45 million. Gates, one of the richest people in the world, often sells shares of his company as part of a regular investment program. In May, he filed plans to sell 8 million shares. Registering to sell the shares does not obligate Gates to sell them. He owns roughly 700 million shares of stock in the company.

Microsoft Chairman Bill Gates filed plans with the Securities and Exchange Commission to sell 5 million shares of stock in his company.

The planned sales are valued at $335.45 million. Gates, one of the richest people in the world, often sells shares of his company as part of a regular investment program. In May, he filed plans to sell 8 million shares.

Registering to sell the shares does not obligate Gates to sell them. He owns roughly 700 million shares of stock in the company.