MicroStrategy Executives Sold Stock After Bitcoin’s Swoon (2)

Sept. 8, 2021, 8:49 PM

Perhaps some MicroStrategy Inc. insiders aren’t quite as sure about tying the company’s long-term fortunes to Bitcoin as their Chief Executive Michael Saylor.

As Bitcoin was recovering from its summer swoon, two of Saylor’s top lieutenants -- Chief Financial Officer Le Phong and Chief Technology Officer Timothy Lang unloaded stock in August after exercising about 30% of the options they were awarded. Each realized cool gains of around $7 million from the sales. Saylor, one of the digital currency’s most vocal proselytizers, hasn’t sold any shares, SEC filings show.

While converting options is not unusual for executives, whose grants ...

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