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: 2020-11-23

Reporting Person: Lang Timothy Edwin (SEVP & CTO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-23	Class A Common Stock	M	5000	$151.60	Acquired	5000	Direct
2020-11-23	Class A Common Stock	S	673	$216.63	Disposed	4327	Direct
2020-11-23	Class A Common Stock	S	321	$218.06	Disposed	4006	Direct
2020-11-23	Class A Common Stock	S	279	$218.98	Disposed	3727	Direct
2020-11-23	Class A Common Stock	S	622	$220.46	Disposed	3105	Direct
2020-11-23	Class A Common Stock	S	1625	$221.42	Disposed	1480	Direct
2020-11-23	Class A Common Stock	S	1081	$222.69	Disposed	399	Direct
2020-11-23	Class A Common Stock	S	399	$223.08	Disposed	0	Direct
2020-11-23	Class A Common Stock	M	5000	$165.01	Acquired	5000	Direct
2020-11-23	Class A Common Stock	S	300	$217.07	Disposed	4700	Direct
2020-11-23	Class A Common Stock	S	502	$220.51	Disposed	4198	Direct
2020-11-23	Class A Common Stock	S	2098	$221.48	Disposed	2100	Direct
2020-11-23	Class A Common Stock	S	1790	$222.84	Disposed	310	Direct
2020-11-23	Class A Common Stock	S	310	$224.01	Disposed	0	Direct
2020-11-24	Class A Common Stock	M	10000	$165.01	Acquired	10000	Direct
2020-11-24	Class A Common Stock	S	200	$230.09	Disposed	9800	Direct
2020-11-24	Class A Common Stock	S	600	$232.23	Disposed	9200	Direct
2020-11-24	Class A Common Stock	S	1000	$234.76	Disposed	8200	Direct
2020-11-24	Class A Common Stock	S	1300	$235.83	Disposed	6900	Direct
2020-11-24	Class A Common Stock	S	1600	$236.54	Disposed	5300	Direct
2020-11-24	Class A Common Stock	S	300	$238.43	Disposed	5000	Direct
2020-11-24	Class A Common Stock	S	1954	$235.58	Disposed	3046	Direct
2020-11-24	Class A Common Stock	S	2372	$236.49	Disposed	674	Direct
2020-11-24	Class A Common Stock	S	167	$237.97	Disposed	507	Direct
2020-11-24	Class A Common Stock	S	507	$235.60	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-11-23	Employee Stock Option (Right to buy)	$151.60	M	5000	Disposed	2029-11-22	Class A Common Stock (5000)	Direct
2020-11-23	Employee Stock Option (Right to buy)	$165.01	M	5000	Disposed	2025-02-02	Class A Common Stock (5000)	Direct
2020-11-24	Employee Stock Option (Right to buy)	$165.01	M	10000	Disposed	2025-02-02	Class A Common Stock (10000)	Direct

Footnotes

F1: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $216.50 to $217.15 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 $217.59 to $218.52 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.

F3: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $218.70 to $219.25 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.

F4: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $220.05 to $221.01 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.

F5: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $221.05 to $222.04 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 $222.05 to $223.03 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.

F7: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $223.05 to $223.41 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 $216.52 to $217.39 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 $220.07 to $220.74 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 $221.27 to $222.14 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 $222.50 to $222.91 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 $224.00 to $224.03 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.

F13: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $230.00 to $230.19 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.

F14: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $232.07 to $232.26 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 $234.19 to $235.06 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: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $235.31 to $236.16 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.

F17: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $236.32 to $237.00 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.

F18: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $238.39 to $238.50 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.

F19: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $235.05 to $236.00 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.

F20: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $236.09 to $237.08 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.

F21: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $237.39 to $238.35 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.

F22: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $235.26 to $236.03 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.

F23: The 5,000 shares exercised on November 23, 2020 pursuant to this option vested on November 22, 2020. Of the remaining 15,000 shares subject to this option, 5,000 shares are scheduled to vest on November 22, 2021, 5,000 shares are scheduled to vest on November 22, 2022, and 5,000 shares are scheduled to vest on November 22, 2023.

F24: See Exhibit A.

F25: The 5,000 shares exercised on November 23, 2020 pursuant to this option vested on February 2, 2016. Of the 10,000 shares exercised on November 24, 2020 pursuant to this option, 7,500 shares vested on February 2, 2016 and 2,500 shares vested on February 2, 2017. Of the remaining 35,000 shares subject to this option, 10,000 shares vested on February 2, 2017, 12,500 shares vested on February 2, 2018, and 12,500 shares vested on February 2, 2019.