Strategy Inc — Director's Dealing 2020

Dec 1, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MICROSTRATEGY Inc (MSTR)
CIK: 0001050446
Period of Report: 2020-11-27

Reporting Person: RECHAN LESLIE J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-27	Class A Common Stock	M	7500	$127.46	Acquired	7500	Direct
2020-11-27	Class A Common Stock	S	1095	$261.87	Disposed	6405	Direct
2020-11-27	Class A Common Stock	S	705	$262.90	Disposed	5700	Direct
2020-11-27	Class A Common Stock	S	899	$263.74	Disposed	4801	Direct
2020-11-27	Class A Common Stock	S	1501	$264.66	Disposed	3300	Direct
2020-11-27	Class A Common Stock	S	1900	$265.96	Disposed	1400	Direct
2020-11-27	Class A Common Stock	S	1000	$267.12	Disposed	400	Direct
2020-11-27	Class A Common Stock	S	200	$268.00	Disposed	200	Direct
2020-11-27	Class A Common Stock	S	200	$269.18	Disposed	0	Direct
2020-11-27	Class A Common Stock	M	2500	$129.57	Acquired	2500	Direct
2020-11-27	Class A Common Stock	S	101	$265.53	Disposed	2399	Direct
2020-11-27	Class A Common Stock	S	399	$267.21	Disposed	2000	Direct
2020-11-27	Class A Common Stock	S	453	$268.12	Disposed	1547	Direct
2020-11-27	Class A Common Stock	S	400	$269.67	Disposed	1147	Direct
2020-11-27	Class A Common Stock	S	947	$270.80	Disposed	200	Direct
2020-11-27	Class A Common Stock	S	200	$271.53	Disposed	0	Direct
2020-11-27	Class A Common Stock	M	1250	$132.91	Acquired	1250	Direct
2020-11-27	Class A Common Stock	S	533	$267.17	Disposed	717	Direct
2020-11-27	Class A Common Stock	S	48	$267.94	Disposed	669	Direct
2020-11-27	Class A Common Stock	S	400	$269.45	Disposed	269	Direct
2020-11-27	Class A Common Stock	S	269	$270.31	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-11-27	Director Stock Option (Right to buy)	$127.46	M	7500	Disposed	2028-04-30	Class A Common Stock (7500)	Direct
2020-11-27	Director Stock Option (Right to buy)	$129.57	M	2500	Disposed	2028-05-31	Class A Common Stock (2500)	Direct
2020-11-27	Director Stock Option (Right to buy)	$132.91	M	1250	Disposed	2029-05-31	Class A Common Stock (1250)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	1900	Indirect

Footnotes

F1: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $261.25 to $262.16 per share, inclusive. The reporting person undertakes to provide MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.

F2: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $262.34 to $263.25 per share, inclusive. The reporting person undertakes to provide MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.

F3: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $263.39 to $264.36 per share, inclusive. The reporting person undertakes to provide MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.

F4: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $264.41 to $265.31 per share, inclusive. The reporting person undertakes to provide MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.

F5: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $265.43 to $266.33 per share, inclusive. The reporting person undertakes to provide MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.

F6: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $266.60 to $267.44 per share, inclusive. The reporting person undertakes to provide MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.

F7: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $269.00 to $269.35 per share, inclusive. The reporting person undertakes to provide MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.

F8: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $265.43 to $265.56 per share, inclusive. The reporting person undertakes to provide MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.

F9: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $266.71 to $267.59 per share, inclusive. The reporting person undertakes to provide MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.

F10: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $268.00 to $268.33 per share, inclusive. The reporting person undertakes to provide MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.

F11: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $269.39 to $269.89 per share, inclusive. The reporting person undertakes to provide MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.

F12: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $270.41 to $271.33 per share, inclusive. The reporting person undertakes to provide MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.

F13: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $266.88 to $267.56 per share, inclusive. The reporting person undertakes to provide MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.

F14: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $269.00 to $269.92 per share, inclusive. The reporting person undertakes to provide MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.

F15: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $270.00 to $270.81 per share, inclusive. The reporting person undertakes to provide MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.

F16: Shares are held directly by a family corporation, of which Mr. Rechan's spouse is President and sole shareholder.

F17: Of the 7,500 shares exercised on November 27, 2020 pursuant to this option, 3,750 shares vested on April 30, 2019 and 3,750 shares vested on April 30, 2020. Of the remaining 7,500 shares subject to this option, 3,750 shares are scheduled to vest on April 30, 2021 and 3,750 shares are scheduled to vest on April 30, 2022.

F18: See Exhibit A.

F19: Of the 2,500 shares exercised on November 27, 2020 pursuant to this option, 1,250 shares vested on May 31, 2019 and 1,250 shares vested on May 31, 2020. Of the remaining 2,500 shares subject to this option, 1,250 shares are scheduled to vest on May 31, 2021 and 1,250 shares are scheduled to vest on May 31, 2022.

F20: The 1,250 shares exercised on November 27, 2020 pursuant to this option vested on May 31, 2020. Of the remaining 3,750 shares subject to this option, 1,250 shares are scheduled to vest on May 31, 2021, 1,250 shares are scheduled to vest on May 31, 2022, and 1,250 shares are scheduled to vest on May 31, 2023.