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: Lang Timothy Edwin (SEVP & CTO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-11-08	Class A Common Stock	M	5000	$189.16	Acquired	5000	Direct
2021-11-08	Class A Common Stock	S	895	$850.48	Disposed	4105	Direct
2021-11-08	Class A Common Stock	S	760	$851.43	Disposed	3345	Direct
2021-11-08	Class A Common Stock	S	1064	$852.86	Disposed	2281	Direct
2021-11-08	Class A Common Stock	S	1008	$854.20	Disposed	1273	Direct
2021-11-08	Class A Common Stock	S	200	$855.53	Disposed	1073	Direct
2021-11-08	Class A Common Stock	S	400	$857.16	Disposed	673	Direct
2021-11-08	Class A Common Stock	S	200	$858.83	Disposed	473	Direct
2021-11-08	Class A Common Stock	S	273	$859.83	Disposed	200	Direct
2021-11-08	Class A Common Stock	S	200	$860.77	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-11-08	Employee Stock Option (Right to Buy)	$189.16	M	5000	Disposed	2027-03-08	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 $850.00 to $850.99, inclusive. The reporting person undertakes to provide to 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 ranges 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 $851.01 to $852.00, inclusive. The reporting person undertakes to provide to 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 ranges 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 $852.74 to $853.50, inclusive. The reporting person undertakes to provide to 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 ranges 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 $853.81 to $854.62, inclusive. The reporting person undertakes to provide to 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 ranges 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 $855.05 to $856.00, inclusive. The reporting person undertakes to provide to 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 ranges 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 $858.36 to $859.30, inclusive. The reporting person undertakes to provide to 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 ranges 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 $859.48 to $859.95, inclusive. The reporting person undertakes to provide to 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 ranges set forth in this footnote.

F8: The 5,000 shares exercised on November 8, 2021 pursuant to this option vested on March 8, 2020. Of the remaining 10,000 shares subject to this option, 2,500 shares vested on March 8, 2020 and 7,500 shares vested on March 8, 2021.

F9: See Exhibit A.