FilingsForm 4

Microsoft's Bradford L. Smith filed a late Form 4 on Dec 12, 2025 for $1.68 million of broker-initiated sales

From the public record1 min read

Published Oct 20, 2026 · 04:50 UTCUpdated Oct 20, 2026 · 22:41 UTCFiled Dec 12, 2025

Value$1.68 million

Shares3,842

Average price$438.44

FiledDec 12

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

On Dec 12, 2025, Bradford L. Smith, a Microsoft officer listed as Vice Chair and President, filed a late Form 4, the form an insider files when trading the company's shares, reporting sales of 3,842 Microsoft shares for $1.68 million between Apr 30 and May 5, 2025. The form said the broker inadvertently removed trading restrictions on Smith's account on Apr 23, 2025, and the account manager then bought and later sold Microsoft shares without Smith's direction, approval or knowledge. It said the shares left from the Apr 23 purchase were rescinded through the broker's error account on May 5, 2025, and that Smith paid Microsoft the full amount of profit realized. The Form 4, filed Dec 12, 2025, is on SEC EDGAR.1 2 3 4 5 6 7 8 9 10 11 12 13

How each figure was checked13 facts

the reporting owner as filedBradford L. SmithOur database
the reporting owner's relationship to the companyofficer (Vice Chair and President)Our database
the side of the tradessaleOur database
shares in the sale lines3,842Our database
value of the sale lines$1.68 millionOur database
date of the first sale lineApr 30, 2025Our database
date of the last sale lineMay 5, 2025Our database
date the Form 4 was filedDec 12, 2025Our database
the form's remarks on why it is filed lateFootnotes and remarks of the Form 4 ↗
remarks: the broker removed trading restrictions on the accountApril 23, 2025Footnotes and remarks of the Form 4 ↗
remarks: the account manager bought and later sold shares without the reporting person's direction, approval or knowledgeFootnotes and remarks of the Form 4 ↗
footnote F3: the shares left from the Apr 23 purchase were rescinded through the broker's error account on May 5May 5, 2025; April 23, 2025; April 30, 2025Footnotes and remarks of the Form 4 ↗
remarks: the reporting person paid the issuer the full profit realizedFootnotes and remarks of the Form 4 ↗

The record

Issuer: Microsoft (CIK 789019, filed as MICROSOFT CORP)
Form: 4
Accession: 0000789019-25-000120
Filed: Dec 12, 2025
Period of report: Apr 23, 2025
Reporting owner: Bradford L. Smith (CIK 1193119, filed as SMITH BRADFORD L)
Relationship: officer (Vice Chair and President)
Rule 10b5-1 checkbox: Not ticked
Line 1: P (purchase) · 3,842 Common Stock at $377.465 · Apr 23, 2025 · acquired, directly · 455,438.7633 held after · footnote F1
Line 2: S (sale) · 30 Common Stock at $390.5729 · Apr 30, 2025 · disposed, directly · 455,408.7633 held after · footnote F2
Line 3: S (sale) · 3,812 Common Stock at $438.8197 · May 5, 2025 · disposed, directly · 451,596.7633 held after · footnote F3
Footnote F1: This acquisition was broker initiated without the reporting person's direction, approval, or knowledge.
Footnote F2: This disposition was broker initiated without the reporting person's direction, approval, or knowledge.
Footnote 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.
Remarks: This Form 4 is being filed late due to the fact that the reported transactions only recently came to the attention of the reporting person and the issuer. On April 23, 2025, trading restrictions applicable to the reporting person's account were inadvertently removed by the reporting person's broker during an account update. As a result, the account manager purchased and later sold shares of the issuer on behalf of the reporting person without the reporting person's direction, approval, or knowledge. On May 5, 2025, the broker reversed the transactions through the broker's error account and issued the gain on the transactions to the reporting person's account, again without the reporting person's direction, approval, or knowledge. These transactions are matchable under Section 16(b) of the Securities Exchange Act of 1934, as amended. Promptly upon being made aware of these transactions, the reporting person paid the issuer the full amount of profit realized in connection with the short-swing transaction.