MicroStrategy General Counsel Sells Entire MSTR Stock Holding

Thomas Chow, the executive vice president and general counsel at MicroStrategy, has completely exited his stock position in the company. According to a recent filing with the Securities and Exchange Commission, Chow sold all 106 of his Class A shares. This insider sale follows a trend of other company executives offloading portions of their stock holdings.

Following the filing, MSTR shares dropped roughly six percent to land at $136.52. The sudden departure of stock from a key insider has caused some traders to question whether the recent price rally can continue without facing stronger resistance.

Market watchers are now keeping a close eye on upcoming SEC disclosures to see if other high level managers will follow suit. While insider sales happen for personal financial reasons, large exits can sometimes cool off short term bullish momentum for the stock.