Strategy Inc — Director's Dealing 2020

Nov 25, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MICROSTRATEGY Inc (MSTR)
CIK: 0001050446
Period of Report: 2020-11-24

Reporting Person: GRAHAM STEPHEN X (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-24	Class A Common Stock	M	6250	$121.43	Acquired	6450	Direct
2020-11-24	Class A Common Stock	S	1982	$234.76	Disposed	4268	Direct
2020-11-24	Class A Common Stock	S	1684	$235.68	Disposed	2584	Direct
2020-11-24	Class A Common Stock	S	1100	$236.57	Disposed	1484	Direct
2020-11-24	Class A Common Stock	S	200	$237.82	Disposed	1284	Direct
2020-11-24	Class A Common Stock	S	699	$239.13	Disposed	585	Direct
2020-11-24	Class A Common Stock	S	585	$239.98	Disposed	200	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-11-24	Director Stock Option (Right to buy)	$121.43	M	6250	Disposed	2024-04-30	Class A Common Stock (6250)	Direct

Footnotes

F1: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $234.13 to $235.10 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 $235.24 to $236.19 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 $236.32 to $236.95 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 $237.40 to $238.25 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.

F5: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $238.76 to $239.56 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.

F6: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $239.77 to $240.27 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 6,250 shares exercised on November 24, 2020 pursuant to this option vested on April 30, 2015. Of the remaining 18,750 shares subject to this option, 6,250 shares vested on April 30, 2016, 6,250 shares vested on April 30, 2017, and 6,250 shares vested on April 30, 2018.

F8: See Exhibit A.