SEC Filing Analysis: MICROSOFT CORP (MSFT)

Executive Summary

• Trading Significance: Low
• Key Takeaway: Director Teri List received a routine fully vested stock award of 125 shares of common stock as part of board compensation.
• Market Impact: Neutral; immaterial transaction volume relative to Microsoft's mega-cap equity base.

Company Information

Field	Value
Company	MICROSOFT CORP
Ticker Symbol	MSFT
CIK	0000789019
Industry	Services-Prepackaged Software

Insider Information

Field	Value
Name	Teri List
CIK	0001529370
Title/Position	Director
Relationship	Director

Transaction Details

Field	Value
Form Type	4
Transaction Date	2026-09-05
Transaction Code	A (Award/Grant)
Security Type	Common Stock
Shares Involved	125
Price Per Share	$0.00
Total Value	$0.00
Direct Shares Owned After	125
Indirect Shares Owned After	3,096 (By Trust)

Financial Impact Assessment

Transaction Materiality

Metric	Value
Transaction Value	$0.00
% of Market Cap	0.00%
Shares Transacted	125
% of Shares Outstanding	0.0000017%
Post-Transaction Ownership	3,221 common shares + 23,074.515 RSUs (<0.001%)
Materiality Assessment	Low

Impact Evaluation

• Market Cap Context: Against Microsoft's $3,816.73 billion market capitalization, a grant of 125 shares represents routine, negligible non-employee director compensation.
• Dilution Impact: Dilution from 125 shares across 7.43 billion shares outstanding is mathematically non-impactful.
• Transaction Significance: Low significance standard compensation grant with zero directional signaling value.

Market Impact Analysis

• Direction: Neutral
• Reasoning: Standard equity grant under board compensation schedule.
• Sentiment Indicator: Neutral

Additional Context

• Transaction Notes: Shares represent a stock award fully vested on the grant date (2026-09-05). Ms. List also holds 23,074.515 fully vested restricted stock units with delivery scheduled 30 days following board separation.