Jolla Alice L. 4

What Happened

Alice L. Jolla, Chief Accounting Officer at Microsoft, had 424.204 shares disposed to satisfy tax obligations (transaction code F). The shares were valued at $392.74 each, for a total of $166,602. This was a tax-withholding disposition—shares were surrendered to cover taxes, not an active open-market sale expressing a change in investment view.

Key Details

• Transaction date: 2026-03-02; Filing date: 2026-03-03 (timely).
• Price per share: $392.74; Shares disposed: 424.204; Total value: $166,602 (reported).
• Transaction code: F — payment of exercise price or tax liability (shares withheld/surrendered).
• Shares owned after transaction: Not disclosed in this filing.
• No 10b5-1 plan or other special instructions noted in the filing.

Context

Code F transactions commonly occur when an insider exercises options or when restricted stock vests and the company withholds or surrenders a portion of shares to cover taxes. These are routine administrative actions and do not necessarily indicate the insider's view on the company's stock.