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: GRAHAM STEPHEN X (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-11-08	Class A Common Stock	M	1000	$121.43	Acquired	1200	Direct
2021-11-08	Class A Common Stock	M	1000	$175.98	Acquired	2200	Direct
2021-11-08	Class A Common Stock	S	1000	$850.00	Disposed	1200	Direct
2021-11-08	Class A Common Stock	S	1000	$865.00	Disposed	200	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-11-08	Director Stock Option (Right to buy)	$121.43	M	1000	Disposed	2024-04-30	Class A Common Stock (1000)	Direct
2021-11-08	Director Stock Option (Right to buy)	$175.98	M	1000	Disposed	2025-05-31	Class A Common Stock (1000)	Direct

Footnotes

F1: The 1,000 shares exercised on November 8, 2021 pursuant to this option vested on April 30, 2018.

F2: See Exhibit A.

F3: The 1,000 shares exercised on November 8, 2021 pursuant to this option vested on May 31, 2016. Of the remaining 4,000 shares subject to this option,
1,250 shares vested on May 31, 2016, 1,250 shares vested on May 31, 2017, 1,250 shares vested on May 31, 2018, and 1,250 shares vested on May 31, 2019.