Microsoft director Teri List awarded RSUs

List Teri reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

List Teri reported acquisition or exercise transactions in this Form 4 filing.

Microsoft director Teri List reported an equity award and current holdings. She received a grant of 53.667 restricted stock units, each representing a contingent right to receive one share of Microsoft common stock, increasing her restricted stock unit balance to 23,074.515 units.

The restricted stock units are fully vested, and the underlying shares will be delivered 30 days after her separation from service on the Board of Directors. She also reported ownership of 149 shares of common stock held directly and 2,947 shares of common stock held indirectly through a trust.

Insider Trade Summary

Grant/Award: 53.667 shares

Grant/Award 3 txns

Insider List Teri

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	53.667	$0.00	$0.00
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 23,074.515 contracts (Direct); Common Stock — 149 shares (Direct); Common Stock — 2,947 shares (Indirect, By Trust)

Footnotes (3)

1. F1. Each restricted stock unit represents a contingent right to receive one share of Microsoft common stock.
2. F2. Dividend equivalent rights accrue when and as dividends are paid on the Company's common stock and become exercisable proportionately with the restricted stock units to which they relate.
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

RSUs granted: 53.667 units Total RSUs after grant: 23,074.515 units Direct common shares: 149 shares +2 more

5 metrics

RSUs granted 53.667 units Restricted stock units granted on 2026-06-11

Total RSUs after grant 23,074.515 units Restricted stock units balance following transaction

Direct common shares 149 shares Common stock held directly after reported transactions

Indirect common shares (trust) 2,947 shares Common stock held indirectly by trust after reported transactions

RSU price per unit $0.0000 per unit Transaction price per restricted stock unit

Key Terms

restricted stock unit, dividend equivalent rights, separation from service, indirect ownership

4 terms

restricted stock unit financial

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

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

dividend equivalent rights financial

"Dividend equivalent rights accrue when and as dividends are paid on the Company's common stock and become exercisable proportionately"

Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.

separation from service financial

"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."

indirect ownership financial

"total_shares_following_transaction: 2947.0000, direct_or_indirect: I, nature_of_ownership: By Trust"

FAQ

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

What did Microsoft (MSFT) director Teri List report in this Form 4?

Teri List reported an equity award and updated holdings. She disclosed a grant of restricted stock units tied to Microsoft common stock, plus her direct and indirect share ownership positions, giving investors clearer visibility into her current Microsoft equity stake.

How many restricted stock units did Teri List receive from Microsoft (MSFT)?

She received 53.667 restricted stock units. Each unit represents a contingent right to receive one share of Microsoft common stock, increasing her total restricted stock unit balance to 23,074.515 units as of the transaction date disclosed.

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

The shares will be delivered 30 days after her separation from the Board. The filing states the restricted stock units are fully vested, but actual share delivery is deferred until 30 days after she leaves Board service.

What are Teri List’s direct and indirect Microsoft (MSFT) share holdings?

She reported 149 shares of Microsoft common stock held directly and 2,947 shares held indirectly through a trust. These positions are separate from her restricted stock units, which represent additional contingent rights to receive Microsoft shares in the future.

How do dividend equivalent rights work on Teri List’s Microsoft (MSFT) restricted stock units?

Dividend equivalent rights accrue as Microsoft pays dividends on its common stock. These rights become exercisable proportionately with the related restricted stock units, aligning the award’s economic value with the company’s dividend payments over time.

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

Accepted by SEC EDGAR 06/12/2026 - 06:04 PM EDT 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)
06/11/2026

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								149	D
Common Stock								2,947	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	(1)	06/11/2026		A		53.667(2)		(3)	(3)	Common Stock	53.667	$0	23,074.515	D

Explanation of Responses:

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

2. Dividend equivalent rights accrue when and as dividends are paid on the Company's common stock and become exercisable proportionately with the restricted stock units to which they relate.

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	06/12/2026
	** 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)