Compras y ventas de directivos de Microsoft (MSFT)
Qué compran y venden los consejeros y directivos del S&P 500 en sus propias empresas, tal cual lo presentan en los Formularios 4 de la SEC (2 días hábiles de plazo): cada fila con su código oficial y sin filtrar nada.
Las compras en mercado abierto (código P) son la señal rara, en verde; las ventas (código S) son frecuentes y muchas van programadas (10b5-1). La tabla II (derivados) no se incluye: sus precios son de ejercicio, no de mercado. Guía: compras de directivos.
| Fecha | Ticker | Directivo | Cargo | Acciones | Precio | Importe | % posición | Tipo / documento |
|---|
Descargar estas transacciones en CSV Sin cuenta y sin registro. Los datos son públicos: salen de los Formularios 4 de la SEC.
Compras y ventas de directivos de Microsoft Corporation (MSFT): 2 compras y 16 ventas
111 transacciones de la tabla I del Formulario 4 declaradas ante la SEC por directivos de Microsoft Corporation entre el 2025-09-03 y el 2026-10-15 (histórico de 15 meses): 2 compras y 16 ventas en mercado abierto, y 93 transacciones con otros códigos del Formulario 4, desglosados uno a uno más abajo. La mayor operación en mercado abierto es una venta de $75,3M de Nadella Satya el 2025-09-03.
Compras y ventas de directivos de Microsoft en los últimos 12 meses
Entre el 21 oct 2025 y el 20 oct 2026, los directivos de Microsoft declararon 1 compra por $2,0M y 13 ventas por $118,6M en mercado abierto. El saldo neto es vendedor: salen $116,6M más de los que entran.
Quien más compró fue Stanton John W (Consejero): $2,0M en 1 compra, el único comprador. Quien más vendió fue Nadella Satya (Chief Executive Officer): $43,4M en 1 venta, de 7 vendedores distintos.
La mayor operación del período fue una venta de $43,4M el 1 sept 2026, de Nadella Satya (Chief Executive Officer), dentro de un plan 10b5-1. Formulario 4 en sec.gov (0000789019-26-000161).
De las 13 ventas, 3 (el 23%, $68,1M) llevan en el Formulario 4 la marca de plan 10b5-1, es decir, se programaron con meses de antelación; las otras 10 no la llevan.
En los tres últimos meses hay 0 compras y 5 ventas, frente a 0 y 4 en los tres anteriores. La última compra es del 18 feb 2026; la última venta, del 13 oct 2026.
Frente a su sector (Tecnología, 85 empresas con página de directivos en esta web), en las mismas fechas la mediana es de 22 ventas y 0 compras en mercado abierto. Microsoft tiene más ventas que 27 de las otras 84, es la 26.ª de 85 por dinero neto vendido, y 32 de las 85 tienen al menos una compra, Microsoft incluida.
Las 20 operaciones más importantes
Primero las 2 compras en mercado abierto y después el resto, cada tipo de mayor a menor importe. El histórico completo está en la herramienta de arriba, ya buscado.
Ver las 111 operaciones de MSFT en el histórico completo →
| Operación | Declarada | Directivo | Cargo | Importe | Código | Documento |
|---|---|---|---|---|---|---|
| 2026-02-18 | 2026-02-18 | Stanton John W | Consejero | $2,0M | P — Compra en mercado abierto | SEC |
| 2025-04-23 | 2025-12-12 | Smith Bradford L | Vice Chair and President | $1,5M | P — Compra en mercado abiertoNota del Formulario 4 (texto original de la SEC, en inglés)F1 This acquisition was broker initiated without the reporting person's direction, approval, or knowledge. | SEC |
| 2025-09-03 | 2025-09-04 | Nadella Satya | Chief Executive Officer | $75,3M | S — Venta en mercado abierto (programada 10b5-1)6 notas del Formulario 4 (texto original de la SEC, en inglés)F2 This transaction was executed in multiple trades at prices ranging from $502.390 to $503.380. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected. F3 This transaction was executed in multiple trades at prices ranging from $503.390 to $504.380. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected. F4 This transaction was executed in multiple trades at prices ranging from $504.390 to $505.385. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected. F5 This transaction was executed in multiple trades at prices ranging from $505.390 to $506.380. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected. F6 This transaction was executed in multiple trades at prices ranging from $506.390 to $506.970. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected. F7 This transaction was executed in multiple trades at prices ranging from $507.410 to $507.660. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected. | SEC |
| 2026-09-01 | 2026-09-02 | Nadella Satya | Chief Executive Officer | $43,4M | S — Venta en mercado abierto (programada 10b5-1)8 notas del Formulario 4 (texto original de la SEC, en inglés)F1 This transaction was executed in multiple trades at prices ranging from $497.69 to $498.67. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected. F2 This transaction was executed in multiple trades at prices ranging from $498.79 to $499.78. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected. F3 This transaction was executed in multiple trades at prices ranging from $499.79 to $500.78. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected. F4 This transaction was executed in multiple trades at prices ranging from $500.79 to $501.78. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected. F5 This transaction was executed in multiple trades at prices ranging from $501.79 to $502.77. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected. F6 This transaction was executed in multiple trades at prices ranging from $502.79 to $503.78. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected. F7 This transaction was executed in multiple trades at prices ranging from $503.79 to $504.78. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected. F8 This transaction was executed in multiple trades at prices ranging from $504.82 to $505.76. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected. | SEC |
| 2026-09-14 | 2026-09-15 | Hood Amy | EVP, Chief Financial Officer | $20,8M | S — Venta en mercado abierto (programada 10b5-1)6 notas del Formulario 4 (texto original de la SEC, en inglés)F1 This transaction was executed in multiple trades at prices ranging from $495.35 to $496.33. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected. F2 This transaction was executed in multiple trades at prices ranging from $496.38 to $497.36. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected. F3 This transaction was executed in multiple trades at prices ranging from $497.38 to $498.36. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected. F4 This transaction was executed in multiple trades at prices ranging from $498.405 to $499.28. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected. F5 This transaction was executed in multiple trades at prices ranging from $499.50 to $500.49. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected. F6 This transaction was executed in multiple trades at prices ranging from $500.50 to $500.99. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected. | SEC |
| 2025-11-03 | 2025-11-04 | Smith Bradford L | Vice Chair and President | $20,0M | S — Venta en mercado abierto2 notas del Formulario 4 (texto original de la SEC, en inglés)F1 This transaction was executed in multiple trades at prices ranging from $517.90 to $518.89. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected. F2 This transaction was executed in multiple trades at prices ranging from $518.90 to $519.58. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected. | SEC |
| 2026-06-01 | 2026-06-02 | Althoff Judson | CEO Microsoft Commercial | $7,1M | S — Venta en mercado abiertoNota del Formulario 4 (texto original de la SEC, en inglés)F1 This transaction was executed in multiple trades at prices ranging from $460.970 to $460.995. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected. | SEC |
| 2025-12-02 | 2025-12-03 | Althoff Judson | CEO Microsoft Commercial | $6,3M | S — Venta en mercado abiertoNota del Formulario 4 (texto original de la SEC, en inglés)F1 This transaction was executed in multiple trades at prices ranging from $491.49 to $491.685. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected. | SEC |
| 2026-03-06 | 2026-03-09 | Hogan Kathleen T | EVP, Strategy | $5,0M | S — Venta en mercado abierto | SEC |
| 2026-08-05 | 2026-08-06 | Althoff Judson | CEO Microsoft Commercial | $4,9M | S — Venta en mercado abiertoNota del Formulario 4 (texto original de la SEC, en inglés)F1 This transaction was executed in multiple trades at prices ranging from $487.88 to $487.98. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected. | SEC |
| 2026-10-13 | 2026-10-14 | Hood Amy | EVP, Chief Financial Officer | $4,0M | S — Venta en mercado abierto (programada 10b5-1)3 notas del Formulario 4 (texto original de la SEC, en inglés)F1 This transaction was executed in multiple trades at prices ranging from $544.28 to $545.24. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected. F2 This transaction was executed in multiple trades at prices ranging from $545.30 to $546.24. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected. F3 This transaction was executed in multiple trades at prices ranging from $546.31 to $546.61. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected. | SEC |
| 2026-08-04 | 2026-08-05 | Numoto Takeshi | EVP, Chief Marketing Officer | $2,4M | S — Venta en mercado abierto2 notas del Formulario 4 (texto original de la SEC, en inglés)F1 This transaction was executed in multiple trades at prices ranging from $496.48 to $496.50. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected. F2 Includes 20.0418 shares acquired on June 30, 2026 under the Microsoft Employee Stock Purchase Plan. | SEC |
| 2026-06-10 | 2026-06-12 | Numoto Takeshi | EVP, Chief Marketing Officer | $1,8M | S — Venta en mercado abierto | SEC |
| 2025-05-05 | 2025-12-12 | Smith Bradford L | Vice Chair and President | $1,7M | S — Venta en mercado abiertoNota del Formulario 4 (texto original de la SEC, en inglés)F3 On May 5, 2025, the shares remaining from the April 23, 2025 acquisition, after the April 30, 2025 disposition, were rescinded through the broker's error account. This disposition was broker initiated without the reporting person's direction, approval, or knowledge. This transaction was executed in multiple trades at prices ranging from $438.8169 to $438.8201. The price reported above reflects the weighted average price. The reporting person hereby undertakes upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected. | SEC |
| 2025-12-04 | 2025-12-05 | Numoto Takeshi | EVP, Chief Marketing Officer | $1,4M | S — Venta en mercado abiertoNota del Formulario 4 (texto original de la SEC, en inglés)F1 Includes 0.171 shares acquired on September 30, 2025 under the Microsoft Employee Stock Purchase Plan. | SEC |
| 2026-06-08 | 2026-06-10 | Numoto Takeshi | EVP, Chief Marketing Officer | $1,0M | S — Venta en mercado abiertoNota del Formulario 4 (texto original de la SEC, en inglés)F1 Includes 37.208 shares acquired on March 31, 2026 under the Microsoft Employee Stock Purchase Plan. | SEC |
| 2026-05-14 | 2026-05-18 | Coleman Amy | EVP, Chief Human Resources Off | $519k | S — Venta en mercado abiertoNota del Formulario 4 (texto original de la SEC, en inglés)F1 This transaction was executed in multiple trades at prices ranging from $411.342 to $411.375. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected. | SEC |
| 2025-04-30 | 2025-12-12 | Smith Bradford L | Vice Chair and President | $12k | S — Venta en mercado abiertoNota del Formulario 4 (texto original de la SEC, en inglés)F2 This disposition was broker initiated without the reporting person's direction, approval, or knowledge. | SEC |
| 2025-09-02 | 2025-09-04 | Nadella Satya | Chief Executive Officer | $62,0M | F — Retención fiscal (acciones entregadas por impuestos) (programada 10b5-1) | SEC |
| 2026-08-31 | 2026-09-01 | Nadella Satya | Chief Executive Officer | $36,2M | F — Retención fiscal (acciones entregadas por impuestos) | SEC |
El saldo del período: cuánto dinero entra y cuánto sale
En los Formularios 4 presentados entre el 3 sept 2025 y el 15 oct 2026, el mercado abierto de Microsoft Corporation suma 2 compras por $3,4M y 16 ventas por $195,6M. El saldo es de $192,1M a favor de las ventas.
Solo cuentan los códigos P y S, donde el directivo pone o saca su propio dinero. Que el saldo de Microsoft Corporation salga vendedor es lo habitual en el S&P 500, donde buena parte del sueldo se cobra en acciones. No es una recomendación de comprar ni de vender: es lo que se declaró.
Todas las transacciones, código por código
| Código | Qué significa | Operaciones | Importe declarado |
|---|---|---|---|
| A | Adjudicación o premio de acciones | 45 | $0 |
| F | Retención fiscal (acciones entregadas por impuestos) | 42 | $187,9M |
| S | Venta en mercado abierto | 16 | $195,6M |
| G | Regalo o donación | 5 | $0 |
| P | Compra en mercado abierto | 2 | $3,4M |
| J | Otra operación (explicada en el propio filing) | 1 | $0 |
| Total | Todo lo declarado en el período | 111 | $386,9M |
51 de las 111 filas no traen un importe utilizable en el Formulario 4: cuentan como operación y suman $0. Las etiquetas son las del índice de códigos de la SEC.
Quién ha operado
En los 15 meses del histórico han declarado operaciones de Microsoft Corporation 13 personas o entidades distintas. De ellas, 2 compraron en mercado abierto y 7 vendieron. Se cuentan por su CIK, el número fijo que la SEC da a cada declarante, y no por el nombre, que cada uno escribe a su manera.
De los 7 que vendieron en mercado abierto (16 ventas en total), los tres que más vendieron suman $165,1M de los $195,6M: el 84% del dinero en tres personas.
| Declarante | Cargo | Transacciones | Comprado (nº) | Vendido (nº) | Última declarada |
|---|---|---|---|---|---|
| Nadella Satya | Chief Executive Officer | 7 | — | $118,7M (2) | 2026-09-02 |
| Hood Amy | EVP, Chief Financial Officer | 9 | — | $24,7M (2) | 2026-10-14 |
| Smith Bradford L | Vice Chair and President | 13 | $1,5M (1) | $21,7M (3) | 2026-09-17 |
| Althoff Judson | EVP, Chief Commercial Officer | 11 | — | $18,3M (3) | 2026-09-17 |
| Numoto Takeshi | EVP, Chief Marketing Officer | 11 | — | $6,6M (4) | 2026-09-17 |
| Hogan Kathleen T | EVP, Strategy | 6 | — | $5,0M (1) | 2026-03-09 |
| Stanton John W | Consejero | 7 | $2,0M (1) | — | 2026-09-08 |
| Coleman Amy | EVP, Chief Human Resources Off | 23 | — | $519k (1) | 2026-10-15 |
Se enseñan los 8 que más dinero movieron, de 13. Los demás están en el histórico completo, que se abre con el enlace de arriba. El nombre lleva a todas sus operaciones, en cualquier empresa. «Transacciones» cuenta cualquier código; el dinero, solo mercado abierto. Cargo: el de su última declaración.
Mes a mes
Por el mes en que se operó, no en el que se presentó el formulario; los meses sin operaciones van a cero. El mes con más movimiento fue jun 2026: 0 compras y 3 ventas, por $10,0M. 5 de los 15 meses no tienen ninguna. 3 operaciones se hicieron antes del inicio de la ventana y se declararon con retraso: están en el histórico y en las tablas de arriba, pero caen fuera de este calendario.
| Mes | Compras | Importe | Ventas | Importe |
|---|---|---|---|---|
| ago 2025 | 0 | $0 | 0 | $0 |
| sept 2025 | 0 | $0 | 1 | $75,3M |
| oct 2025 | 0 | $0 | 0 | $0 |
| nov 2025 | 0 | $0 | 1 | $20,0M |
| dic 2025 | 0 | $0 | 2 | $7,6M |
| ene 2026 | 0 | $0 | 0 | $0 |
| feb 2026 | 1 | $2,0M | 0 | $0 |
| mar 2026 | 0 | $0 | 1 | $5,0M |
| abr 2026 | 0 | $0 | 0 | $0 |
| may 2026 | 0 | $0 | 1 | $519k |
| jun 2026 | 0 | $0 | 3 | $10,0M |
| jul 2026 | 0 | $0 | 0 | $0 |
| ago 2026 | 0 | $0 | 2 | $7,3M |
| sept 2026 | 0 | $0 | 2 | $64,2M |
| oct 2026 | 0 | $0 | 1 | $4,0M |
El último mes puede ir incompleto: el Formulario 4 se presenta hasta dos días hábiles después. La tabla no dice si el patrón es bueno o malo; dice cuándo pasó.
Ficha de análisis de Microsoft Corporation (MSFT) →
Otras empresas de Tecnología con operaciones de directivos
Están las 500 en el índice de la sección →
Qué directivos están comprando acciones de su propia empresa →
Cómo leer estos datos
4 de las 16 ventas de la tabla van marcadas como programadas (plan 10b5-1): se firman con meses de antelación y se ejecutan solas, así que no dicen lo que el directivo piensa hoy. Las 2 compras en mercado abierto (código P) de Microsoft son la señal rara: los directivos ya cobran en acciones, y comprar más es poner dinero propio. La última presentación es del 15 oct 2026, y el Formulario 4 llega hasta dos días hábiles después de operar.
15 de las 20 filas de la tabla llevan notas al pie del propio Formulario 4, plegadas en la columna del código y copiadas tal cual, en inglés; una fila sin nota es que el formulario no la trae.
Guía: Compras de directivos · todas las guías
Lo que hay detrás de estas operaciones
Los conceptos de esta página, explicados desde cero en la Academia. Gratis y sin cuenta.
- Qué dice y qué NO dice la hipótesis de eficienciaSi la compra de un directivo es pública y cualquiera puede leerla, ¿queda información dentro? Es la pregunta exacta que trae a esta página.
- Quién mueve realmente el mercado: los tipos de inversoresQuién hay al otro lado de cada orden, y qué sitio ocupan entre ellos los directivos de la propia empresa.
- Oferta, demanda y el precio: por qué sube y baja constantementeCómo acaba una noticia metida en el precio, y por qué la reacción a una venta declarada rara vez es la que uno esperaría.
Fuente: SEC EDGAR Formulario 4. Esto es una lista de hechos públicos, no asesoramiento financiero ni una recomendación de compra o venta.