MicroStrategy insiders keep dumping MSTR stock

Chart of MicroStrategy stock sales by company directors (InsiderScreener).

Still, these insider sales only represent a small percentage of overall executive and director ownership. For example, Founder and Executive Chairman Michael Saylor still owns about 19.6 million shares of Class B stock as well as 382,000 Class A shares, worth billions.

Overall, Bloomberg estimates that he owns 8% of MicroStrategys equity.

Saylor also told Bloomberg that he owns at least 17,732 bitcoins personally. Analysts estimate his total net worth to be north of $8 billion.

Although insider sales at MicroStrategy are frequent, theyre not particularly unusual for public companies. Indeed, every day, dozens of officers at public companies are selling shares — most of which they receive through pre-planned compensation packages.

For insiders, the decision of whether to sell their newly vested shares on schedule or voluntarily waive their right often comes down to an assessment of their personal situation or familial obligations that have nothing to do with their outlook on the companys stock itself.