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: Le Phong (President & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-24	Class A Common Stock	M	40000	$131.53	Acquired	40000	Direct
2020-11-24	Class A Common Stock	S	4500	$234.63	Disposed	35500	Direct
2020-11-24	Class A Common Stock	S	6398	$235.61	Disposed	29102	Direct
2020-11-24	Class A Common Stock	S	9171	$236.55	Disposed	19931	Direct
2020-11-24	Class A Common Stock	S	5567	$237.52	Disposed	14364	Direct
2020-11-24	Class A Common Stock	S	7793	$238.58	Disposed	6571	Direct
2020-11-24	Class A Common Stock	S	4008	$239.46	Disposed	2563	Direct
2020-11-24	Class A Common Stock	S	2316	$240.66	Disposed	247	Direct
2020-11-24	Class A Common Stock	S	247	$241.94	Disposed	0	Direct
2020-11-24	Class A Common Stock	M	25000	$151.60	Acquired	25000	Direct
2020-11-24	Class A Common Stock	S	1700	$236.96	Disposed	23300	Direct
2020-11-24	Class A Common Stock	S	6610	$237.94	Disposed	16690	Direct
2020-11-24	Class A Common Stock	S	4424	$238.96	Disposed	12266	Direct
2020-11-24	Class A Common Stock	S	6663	$240.27	Disposed	5603	Direct
2020-11-24	Class A Common Stock	S	3703	$241.17	Disposed	1900	Direct
2020-11-24	Class A Common Stock	S	1300	$242.22	Disposed	600	Direct
2020-11-24	Class A Common Stock	S	600	$243.51	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-11-24	Employee Stock Option (Right to buy)	$131.53	M	40000	Disposed	2028-02-08	Class A Common Stock (40000)	Direct
2020-11-24	Employee Stock Option (Right to buy)	$151.60	M	25000	Disposed	2029-11-22	Class A Common Stock (25000)	Direct

Footnotes

F1: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $234.05 to $235.04 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 $235.05 to $236.04 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 $236.05 to $237.04 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 $237.05 to $238.03 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 $238.05 to $239.04 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 $239.05 to $240.01 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 $240.09 to $241.05 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 $241.66 to $242.00 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 $236.56 to $237.52 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 $237.61 to $238.60 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 $238.61 to $239.59 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.

F12: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $239.71 to $240.70 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 $240.71 to $241.70 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 $241.92 to $242.79 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 $243.27 to $243.62 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: Of the 40,000 shares exercised on November 24, 2020 pursuant to this option, 20,000 shares vested on February 8, 2019 and 20,000 shares vested on February 8, 2020. Of the remaining 40,000 shares subject to this option, 20,000 shares are scheduled to vest on February 8, 2021 and 20,000 shares are scheduled to vest on February 8, 2022.

F17: See Exhibit A.

F18: The 25,000 shares exercised on November 24, 2020 pursuant to this option vested on November 22, 2020. Of the remaining 75,000 shares subject to this option, 25,000 shares are scheduled to vest on November 22, 2021, 25,000 shares are scheduled to vest on November 22, 2022, and 25,000 shares are scheduled to vest on November 22, 2023.