Strategy Inc — Director's Dealing 2021

Nov 10, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MICROSTRATEGY Inc (MSTR)
CIK: 0001050446
Period of Report: 2021-11-08

Reporting Person: RECHAN LESLIE J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-11-08	Class A Common Stock	M	3750	$127.46	Acquired	3750	Direct
2021-11-08	Class A Common Stock	M	1250	$124.48	Acquired	5000	Direct
2021-11-08	Class A Common Stock	M	1250	$129.57	Acquired	6250	Direct
2021-11-08	Class A Common Stock	M	1250	$132.91	Acquired	7500	Direct
2021-11-08	Class A Common Stock	S	544	$855.54	Disposed	6956	Direct
2021-11-08	Class A Common Stock	S	3700	$858.04	Disposed	3256	Direct
2021-11-08	Class A Common Stock	S	499	$859.24	Disposed	2757	Direct
2021-11-08	Class A Common Stock	S	827	$860.37	Disposed	1930	Direct
2021-11-08	Class A Common Stock	S	380	$861.07	Disposed	1550	Direct
2021-11-08	Class A Common Stock	S	250	$865.90	Disposed	1300	Direct
2021-11-08	Class A Common Stock	S	898	$867.71	Disposed	402	Direct
2021-11-08	Class A Common Stock	S	402	$869.49	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-11-08	Director Stock Option (Right to buy)	$127.46	M	3750	Disposed	2028-04-30	Class A Common Stock (3750)	Direct
2021-11-08	Director Stock Option (Right to buy)	$124.48	M	1250	Disposed	2030-05-31	Class A Common Stock (1250)	Direct
2021-11-08	Director Stock Option (Right to buy)	$129.57	M	1250	Disposed	2028-05-31	Class A Common Stock (1250)	Direct
2021-11-08	Director Stock Option (Right to buy)	$132.91	M	1250	Disposed	2029-05-31	Class A Common Stock (1250)	Direct

Footnotes

F1: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $855.18 to $855.91 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.

F2: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $857.45 to $858.29 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 $858.50 to $859.42 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 $859.79 to $860.60 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.

F5: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $861.03 to $861.27 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.

F6: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $865.87 to $865.93 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 $867.59 to $868.02per 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 $868.76 to $869.49 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 3,750 shares exercised on November 8, 2021 pursuant to this option vested on April 30, 2021. The remaining 3,750 shares subject to this option are scheduled to vest on April 30, 2022.

F10: See Exhibit A.

F11: The 1,250 shares exercised on November 8, 2021 pursuant to this option vested on May 31, 2021. Of the remaining 3,750 shares subject to this option, 1,250 shares are scheduled to vest on May 31, 2022, 1,250 shares are scheduled to vest on May 31, 2023, and 1,250 shares are scheduled to vest on May 31, 2024.

F12: The 1,250 shares exercised on November 8, 2021 pursuant to this option vested on May 31, 2021. The remaining 1,250 shares subject to this option are scheduled to vest on May 31, 2022.

F13: The 1,250 shares exercised on November 8, 2021 pursuant to this option vested on May 31, 2021. Of the remaining 2,500 shares subject to this option, 1,250 shares are scheduled to vest on May 31, 2022 and 1,250 shares are scheduled to vest on May 31, 2023.