Microsoft director Teri List granted 125 shares

Microsoft director Teri List received a fully vested stock award and reports substantial vested RSU holdings tied to future board service separation.

Rhea-AI Filing Summary

MICROSOFT CORP (MSFT) director Teri List reported an acquisition of company equity. On September 5, 2026, she received a grant of 125 shares of Microsoft common stock as a fully vested stock award at no cash cost, increasing her directly held common stock to 125 shares. She also reports 3,096 shares of common stock held indirectly through a trust and 23,074.515 restricted stock units, each representing a right to receive one share of common stock. The restricted stock units are fully vested, with shares to be delivered 30 days after her separation from service on the Board of Directors.

Insider Trade Summary

Grant/Award: 125 shares

Grant/Award 3 txns

Insider List Teri

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	125	$0.00	$0.00
holding	Restricted Stock Units F2, F3	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 125 shares (Direct); Restricted Stock Units — 23,074.515 contracts (Direct); Common Stock — 3,096 shares (Indirect, By Trust)

Footnotes (3)

1. F1. Represents stock award which is fully vested on the date of grant.
2. F2. Each restricted stock unit represents a contingent right to receive one share of Microsoft common stock.
3. F3. The restricted stock units are fully vested. Delivery of the shares to the reporting person will be made 30 days after the date of the reporting person's separation from service to the Board of Directors.

Key Figures

Common stock award: 125 shares Direct common stock holdings after award: 125 shares Indirect common stock holdings: 3,096 shares +3 more

6 metrics

Common stock award 125 shares Fully vested stock award granted on September 5, 2026

Direct common stock holdings after award 125 shares Shares held directly by Teri List following the September 5, 2026 grant

Indirect common stock holdings 3,096 shares Shares of Microsoft common stock held indirectly through a trust

Restricted stock units outstanding 23,074.515 units Fully vested restricted stock units, each for one share of common stock

Award grant date September 5, 2026 Date of fully vested 125-share common stock award

RSU delivery timing 30 days after separation Shares from RSUs delivered 30 days after separation from service on the Board

Key Terms

Restricted Stock Units, contingent right, separation from service

3 terms

Restricted Stock Units financial

"Each restricted stock unit represents a contingent right to receive one share"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

contingent right financial

"represents a contingent right to receive one share of Microsoft common stock"

separation from service financial

"Delivery of the shares will be made 30 days after the date of separation from service"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did MSFT director Teri List report on this Form 4?

Teri List reported a grant of 125 shares of Microsoft common stock on September 5, 2026 as a fully vested stock award at no cash cost, increasing her directly held common stock position to 125 shares.

How many Microsoft (MSFT) restricted stock units does Teri List hold after this filing?

After this filing, Teri List reports 23,074.515 restricted stock units, each representing a right to receive one share of Microsoft common stock. These restricted stock units are fully vested, with share delivery 30 days after her separation from service on the Board.

Does Teri List hold any Microsoft (MSFT) shares indirectly?

Yes. Teri List reports 3,096 shares of Microsoft common stock held indirectly through a trust. These are in addition to 125 shares held directly following the reported stock award.

Was the September 5, 2026 Microsoft (MSFT) stock award to Teri List subject to vesting?

No. The filing states the 125-share stock award to Teri List is fully vested on the date of grant, meaning there is no remaining vesting period associated with this award.

When will Teri List receive the Microsoft (MSFT) shares underlying her restricted stock units?

The filing states that shares underlying the 23,074.515 restricted stock units will be delivered to Teri List 30 days after the date of her separation from service on Microsoft’s Board of Directors.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 09/08/2026 - 06:04 PM Accepted by SEC EDGAR 09/08/2026 - 06:04 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

List Teri

(Last) (First) (Middle)

C/O MICROSOFT CORPORATION

ONE MICROSOFT WAY

(Street)

REDMOND WASHINGTON 98052-6399

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
MICROSOFT CORP [ MSFT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/05/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/05/2026		A		125(1)	A	$0	125	D
Common Stock								3,096	I	By Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(2)							(3)	(3)	Common Stock	23,074.515		23,074.515(2)	D

Explanation of Responses:

1. Represents stock award which is fully vested on the date of grant.

2. Each restricted stock unit represents a contingent right to receive one share of Microsoft common stock.

3. The restricted stock units are fully vested. Delivery of the shares to the reporting person will be made 30 days after the date of the reporting person's separation from service to the Board of Directors.

	Julia Stark, Attorney-in-fact for Teri List	09/08/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)