Strategy Inc — Director's Dealing 2018

May 22, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MICROSTRATEGY INC (MSTR)
CIK: 0001050446
Period of Report: 2018-05-18

Reporting Person: Epstein Robert H (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-05-18	Class A Common Stock	M	900	$121.43	Acquired	900	Direct
2018-05-18	Class A Common Stock	S	600	$131.50	Disposed	300	Direct
2018-05-18	Class A Common Stock	S	300	$130.50	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-05-18	Director Stock Option (Right to buy)	$121.43	M	900	Disposed	2024-04-30	Class A Common Stock (900)	Direct

Footnotes

F1: The 900 shares exercised on May 18, 2018 pursuant to this option vested on April 30, 2018.

F2: See Exhibit A.