- Nancy Pelosi’s husband exercised about $2.6 million worth of stock options in Apple and Microsoft earlier this month.
- Paul Pelosi exercised 50 call options on June 15 to buy 5,000 shares of both Apple and Microsoft stock.
- Nancy Pelosi has repeatedly said her husband’s investments have nothing to do with her political savvy.
Nancy Pelosi’s husband exercised about $2.6 million worth of stock options in Apple and Microsoft earlier this month, according to one report. Regulatory disclosure Thursday.
The application transaction, marked “SP” for spouse, was Paul Pelosi’s purchase of 5,000 shares of both Apple and Microsoft stock on June 15, and 50 on May 24, 2022. has been exercised and the stated expiration date is June 16th. .
The Apple option had a strike price of $80 and the Microsoft option had a strike price of $180. They closed Friday at $186.68 and $335.02, respectively, bringing the total to about $933,000 and $1.7 million.
First highlighted was Quiver Quantitative and rare whalethe disclosure comes after Congress failed to advance a new bill covering stock trading for lawmakers and their relatives.
Earlier this year, insiders and several other news outlets identified 78 lawmakers who did not properly report their financial transactions as required by the Stop Trading on Congressional Knowledge Act of 2012, stock law.
A decade ago, Congress passed laws against insider trading and conflicts of interest. But many lawmakers have not fully complied with their reporting obligations, prompting calls for a complete ban on individual stock trading between lawmakers.
Legislation on such a ban progressed last year, but the bill eventually died.
Meanwhile, Paul Pelosi faces backlash over: Stock transactions that appear to occur at the same time as laws in the technology sector.
For example, in July 2021, the week before the House Judiciary Committee introduced a bipartisan antitrust bill targeting Google, Apple, and Amazon, he made a $4.8 million profit on Alphabet shares. rice field.
But Nancy Pelosi has repeatedly said her investor husband’s deals had nothing to do with her political savvy.
open secret Pelosi’s net worth is estimated at $114.6 million.