Microsoft Earnings Verdict

This market will resolve to one of the three tiers set forth above. The three tiers are designed to measure the full post-earnings daily market price movement of Microsoft Corporation (MSFT). The specific outcome tier that captures the realized return (R) of Microsoft Corporation (MSFT) across the earnings release window will resolve to "Yes". All other outcomes will resolve to "No". The realized return is calculated as: R = (Settlement Price / Reference Price) - 1, expressed as a percentage and rounded to two decimal places in order to satisfy one of the tiers above. The three tiers are defined as follows: • Crushed It: R is greater than +7.50% • Meet: R is between -1.00% and +1.00%, inclusive • Got Crushed: R is less than -7.50% Reference Price: The Reference Price is the official closing print of Microsoft Corporation (MSFT) on its primary listing exchange on Wednesday, July 29, 2026, at 4:00 PM ET (the last full regular trading session before the post-market earnings release). Settlement Price: The Settlement Price is the official closing print of Microsoft Corporation (MSFT) on its primary listing exchange on Thursday, July 30, 2026, at 4:00 PM ET (the first full regular trading session after the earnings release). Opening prints, pre-market prints, and after-hours prints are not used for settlement. Trading officially cuts off at 4:00 PM ET on Wednesday, July 29, 2026, immediately before the earnings announcement. No trading occurs after the release. The contract officially ends and settles at 4:00 PM ET on Thursday, July 30, 2026. Delayed or Missed Filing: If the company fails to release earnings on the scheduled date and reschedules within 48 hours, the contract rolls to the new date with Reference and Settlement Prices re-anchored to the new schedule. If the release is delayed beyond 48 hours from the originally scheduled date, the market will be settled as event cancelled. Restatements: Restatements, revisions, or corrections issued after settlement have no effect on the settled outcome. Settlement is final upon official close on the Settlement Date. The official resolution sources are the agencies listed in Rule 14.68(c) in the CDNA Rulebook, which can be found at https://www.nadex.com/rules/. The notice of submission pursuant to CFTC regulation 40.2(a) for Rule 14.68 can be found at https://assets.ctfassets.net/8c2uto3zas3h/7w5E7Lp4YMAUvv0c7ssYUr/c5bf8080840bb947bbfa7febfb8c1eab/CDNA_Certification_of_Industry__Event_Contract.pdf. For purposes of settling this contract the stock price(s) used will be based on the price(s) reported by the Source Agency and not by the company. Trading is temporarily paused during scheduled maintenance periods.