MICROSOFT CORPORATION

Microsoft Corporation is a widely held public company listed on the Nasdaq Global Select Market. Its shareholder base is disclosed primarily through beneficial-ownership filings that investment managers submit to the U.S. Securities and Exchange Commission once their holdings cross the 5 percent threshold, rather than through a complete shareholder register. Based on the most recent Schedule 13G/A filings available, The Vanguard Group, Inc. reported beneficial ownership of 664,882,153 shares, equal to 8.95 percent of Microsoft’s outstanding common stock, as of December 31, 2023 (filed February 13, 2024), and BlackRock, Inc. reported beneficial ownership of 540,020,228 shares, equal to 7.30 percent, as of the same date. Both filings describe the positions as held in the ordinary course of investment-management business, without an intent to influence control of the company.

During 2026, The Vanguard Group, Inc. carried out an internal reorganization affecting how certain investment-adviser affiliates report their holdings. As a result, a related reporting entity, Vanguard Capital Management, disclosed holding 555,988,240 Microsoft shares, equal to 7.48 percent, as of March 31, 2026 (Schedule 13G filed April 30, 2026). This figure reflects one reporting entity within the wider Vanguard organization following the reorganization and may not represent the Vanguard organization’s full aggregate position in Microsoft.

No individual has been identified in Microsoft’s public filings as a beneficial owner exercising a controlling interest in the company, and no ownership chain sufficient to calculate an effective ultimate-beneficial-owner percentage for a natural person is disclosed. Microsoft’s share ownership is dispersed among institutional and public shareholders, consistent with a large, publicly traded issuer.

Data availability

Shareholder information for Microsoft is major-shareholders-only. SEC rules require disclosure only once an investor’s beneficial ownership passes 5 percent of outstanding shares, so the great majority of Microsoft’s shareholder base, including individual and smaller institutional holders, is not individually identified in public filings.

Sources

• Schedule 13G/A, The Vanguard Group, Inc., filed with the SEC February 13, 2024 (data as of December 31, 2023) – sec.gov
• Schedule 13G/A, BlackRock, Inc., filed with the SEC February 13, 2024 (data as of December 31, 2023) – sec.gov
• Schedule 13G, Vanguard Capital Management, filed with the SEC April 30, 2026 (data as of March 31, 2026) – sec.gov

Microsoft Corporation discloses its board of directors and executive officers through SEC filings rather than through the individual-officer detail found in some state corporate registries. Washington’s corporate registration record for Microsoft lists a general officer position and separately names Brett Iversen, Microsoft’s Vice President of Investor Relations, as a contact on file; it does not itemize the company’s full slate of directors or executive officers.

Under its most recent SEC disclosures, Microsoft’s Board of Directors comprises twelve members, all of whom were re-elected at the company’s annual shareholder meeting held December 5, 2025: Satya Nadella (Chairman and Chief Executive Officer), Sandra E. Peterson (Lead Independent Director), Reid G. Hoffman, Hugh F. Johnston, Teri L. List, Catherine MacGregor, Mark A. L. Mason, Penny S. Pritzker, John David Rainey, Charles W. Scharf, John W. Stanton and Emma N. Walmsley; eleven of the twelve are independent directors. Separately, Microsoft’s Form 10-K for the fiscal year ended June 30, 2025 names seven executive officers: Satya Nadella (Chairman and Chief Executive Officer), Amy E. Hood (Executive Vice President and Chief Financial Officer), Bradford L. Smith (Vice Chair and President), Judson B. Althoff (Executive Vice President and Chief Commercial Officer), Amy L. Coleman (Executive Vice President and Chief Human Resources Officer), Kathleen T. Hogan (Executive Vice President, Office of Strategy and Transformation) and Takeshi Numoto (Executive Vice President and Chief Marketing Officer).

Recent officer changes

• John David Rainey, Executive Vice President and Chief Financial Officer of Walmart Inc., was nominated as a new independent director in Microsoft’s proxy statement dated October 21, 2025, and was elected to the Board at the annual shareholder meeting on December 5, 2025.

Data availability

Officer and director information for Microsoft is current-only, as disclosed in SEC filings. Nationality is not disclosed for directors or executive officers in these filings and is reported here as not disclosed. Washington’s corporate registry does not separately itemize individual director records for this company, so this section relies on SEC disclosures rather than the state registry.

Sources

• Microsoft Corporation, Form 10-K for the fiscal year ended June 30, 2025, filed July 30, 2025 – sec.gov
• Microsoft Corporation, Form DEF 14A proxy statement, filed October 21, 2025 – sec.gov
• Microsoft Corporation 2025 Annual Shareholder Meeting voting results, December 2025 – microsoft.com/investor

Microsoft Corporation is itself the ultimate parent of its corporate group. The company has no immediate or ultimate parent, and its shares are held by public and institutional shareholders rather than a controlling corporate owner. Exhibit 21 to Microsoft’s Form 10-K for the fiscal year ended June 30, 2025 lists eight entities as the company’s significant subsidiaries, spanning the United States and Ireland, without specifying whether each is held directly by Microsoft Corporation or through an intermediate subsidiary. Consistent with SEC disclosure rules, this list omits subsidiaries that would not, in the aggregate, constitute a significant subsidiary, so Microsoft’s full operating structure includes additional entities worldwide that are not individually named in the filing.

The disclosed significant subsidiaries include two former public companies acquired by Microsoft: LinkedIn Corporation, a professional-networking company acquired in a transaction that completed December 8, 2016, and Activision Blizzard, Inc., a video-game publisher acquired in a transaction that completed October 13, 2023, together with its operating unit Activision Publishing, Inc. The remaining disclosed significant subsidiaries are the Ireland-incorporated Microsoft Ireland Research Unlimited Company, Microsoft Global Finance Unlimited Company, Microsoft Ireland Operations Limited and LinkedIn Ireland Unlimited Company, along with the US-incorporated Microsoft Online, Inc.

Verified corporate relationships

Recent structural changes

• Acquisition of Activision Blizzard, Inc. completed October 13, 2023.
• Acquisition of LinkedIn Corporation completed December 8, 2016.

Data availability

Microsoft’s group-structure disclosure is partial. SEC rules require the company to list only subsidiaries that are individually or collectively significant, so many smaller international operating subsidiaries are not named in the filing referenced here, and exact intercompany ownership percentages are not stated in Exhibit 21.

Sources

• Microsoft Corporation, Form 10-K for the fiscal year ended June 30, 2025, Exhibit 21 (Subsidiaries of the Registrant), filed July 30, 2025 – sec.gov
• Microsoft news announcement confirming completion of the Activision Blizzard acquisition, October 13, 2023 – news.microsoft.com
• Microsoft and LinkedIn joint announcement confirming completion of the LinkedIn acquisition, December 8, 2016 – news.microsoft.com / news.linkedin.com