Strategy Inc — Director's Dealing 2020

Nov 30, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MICROSTRATEGY Inc (MSTR)
CIK: 0001050446
Period of Report: 2020-11-25

Reporting Person: Shao Wei-Ming (SEVP & General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-25	Class A Common Stock	M	5100	$119.02	Acquired	5105	Direct
2020-11-25	Class A Common Stock	S	2500	$267.20	Disposed	2605	Direct
2020-11-25	Class A Common Stock	S	1500	$272.30	Disposed	1105	Direct
2020-11-25	Class A Common Stock	S	1100	$273.58	Disposed	5	Direct
2020-11-27	Class A Common Stock	M	5000	$165.01	Acquired	5005	Direct
2020-11-27	Class A Common Stock	S	2500	$278.36	Disposed	2505	Direct
2020-11-27	Class A Common Stock	S	2500	$277.21	Disposed	5	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-11-25	Employee Stock Option (Right to buy)	$119.02	M	5100	Disposed	2024-05-04	Class A Common Stock (5100)	Direct
2020-11-27	Employee Stock Option (Right to buy)	$165.01	M	5000	Disposed	2025-02-02	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 $272.25 to $272.54 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 $278.36 to $278.37 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 $277.2055 to $277.2116 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: Of the 5,100 shares exercised on November 25, 2020 pursuant to this option, 100 shares vested on May 4, 2017 and 5,000 shares vested on May 4, 2018.

F5: See Exhibit A.

F6: Of the 5,000 shares exercised on November 27, 2020 pursuant to this option, 2,500 shares vested on February 2, 2016 and 2,500 shares vested on February 2, 2017. Of the remaining 5,000 shares subject to this option, 2,500 shares vested on February 2, 2018 and 2,500 shares vested on February 2, 2019.