Strategy Inc — Director's Dealing 2020

Nov 13, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MICROSTRATEGY Inc (MSTR)
CIK: 0001050446
Period of Report: 2020-11-09

Reporting Person: Lang Timothy Edwin (SEVP & CTO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-09	Class A Common Stock	M	5000	$131.53	Acquired	5000	Direct
2020-11-09	Class A Common Stock	S	4100	$185.21	Disposed	900	Direct
2020-11-09	Class A Common Stock	S	900	$186.34	Disposed	0	Direct
2020-11-10	Class A Common Stock	M	5000	$131.53	Acquired	5000	Direct
2020-11-10	Class A Common Stock	S	3846	$185.23	Disposed	1154	Direct
2020-11-10	Class A Common Stock	S	36	$185.91	Disposed	1118	Direct
2020-11-10	Class A Common Stock	S	518	$187.19	Disposed	600	Direct
2020-11-10	Class A Common Stock	S	600	$188.10	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-11-09	Employee Stock Option (Right to buy)	$131.53	M	5000	Disposed	2028-02-08	Class A Common Stock (5000)	Direct
2020-11-10	Employee Stock Option (Right to buy)	$131.53	M	5000	Disposed	2028-02-08	Class A Common Stock (5000)	Direct

Footnotes

F1: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $185.00 to $185.97 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 $186.12 to $186.76 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 $184.76 to $185.67 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 $187.10 to $187.47 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 $188.10 to $188.17 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 5,000 shares exercised on November 9, 2020 and the 5,000 shares exercised on November 10, 2020 pursuant to this option vested on February 8, 2020. Of the remaining 20,000 shares subject to this option, 10,000 shares are scheduled to vest on February 8, 2021 and 10,000 shares are scheduled to vest on February 8, 2022.

F7: See Exhibit A.