MicroStrategy has seen a wave of insider stock sales in recent months, with CEO Phong Le among several top executives reducing their holdings.
According to recent SEC filings, Le sold 8,400 shares on June 18, though he still retains over 16,000 shares of Class A stock and thousands more in preferred shares tied to internal equity programs.
These sales are part of a broader trend. Since May, MicroStrategy insiders have unloaded more than $13.6 million worth of stock, including large transactions by senior leadership such as CFO Andrew Kang, General Counsel Wei-Ming Shao, and board members Rickertsen and Patten — the latter two cashing in over $13 million combined.
While the selling spree has drawn attention, some investors argue it’s standard corporate practice and doesn’t necessarily signal waning confidence in the company. MicroStrategy shares have climbed 27% this year, outperforming the broader market and benefiting from the firm’s aggressive Bitcoin accumulation strategy.
For now, the insider activity continues to be closely watched, though market impact appears limited given the company’s strong stock performance.
