Strategy Inc — Director's Dealing 2021

Nov 5, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MICROSTRATEGY Inc (MSTR)
CIK: 0001050446
Period of Report: 2021-11-02

Reporting Person: RICKERTSEN CARL J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-11-02	Class A Common Stock	M	3000	$182.36	Acquired	5000	Direct
2021-11-02	Class A Common Stock	M	3750	$129.57	Acquired	8750	Direct
2021-11-02	Class A Common Stock	M	2500	$132.91	Acquired	11250	Direct
2021-11-02	Class A Common Stock	M	750	$124.48	Acquired	12000	Direct
2021-11-02	Class A Common Stock	S	2100	$800.82	Disposed	9900	Direct
2021-11-02	Class A Common Stock	S	700	$802.40	Disposed	9200	Direct
2021-11-02	Class A Common Stock	S	1203	$803.28	Disposed	7997	Direct
2021-11-02	Class A Common Stock	S	1800	$804.69	Disposed	6197	Direct
2021-11-02	Class A Common Stock	S	993	$806.82	Disposed	5204	Direct
2021-11-02	Class A Common Stock	S	507	$808.01	Disposed	4697	Direct
2021-11-02	Class A Common Stock	S	200	$809.54	Disposed	4497	Direct
2021-11-02	Class A Common Stock	S	1595	$816.60	Disposed	2902	Direct
2021-11-02	Class A Common Stock	S	902	$817.47	Disposed	2000	Direct
2021-11-03	Class A Common Stock	S	2000	$802.50	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-11-02	Director Stock Option (Right to buy)	$182.36	M	3000	Disposed	2027-05-31	Class A Common Stock (3000)	Direct
2021-11-02	Director Stock Option (Right to buy)	$129.57	M	3750	Disposed	2028-05-31	Class A Common Stock (3750)	Direct
2021-11-02	Director Stock Option (Right to buy)	$132.91	M	2500	Disposed	2029-05-31	Class A Common Stock (2500)	Direct
2021-11-02	Director Stock Option (Right to buy)	$124.48	M	750	Disposed	2030-05-31	Class A Common Stock (750)	Direct

Footnotes

F1: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $801.91 to $802.72,
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 $802.99 to $803.80, 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 $804.21 to $804.97, 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 $806.10 to $807.09, 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 $807.63 to $808.52 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 $816.010 to $817.005, 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 $817.17 to $817.80, 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: Of the 3,000 shares exercised on November 2, 2021, 500 shares vested on May 31, 2019, 1,250 shares vested on May 31, 2020, and 1,250
shares vested on May 31, 2021.

F9: See Exhibit A.

F10: Of the 3,750 shares exercised on November 2, 2021, 1,250 shares vested on May 31, 2019, 1,250 shares vested on May 31, 2020, and 1,250 shares vested on May 31, 2021. The remaining 1,250 shares subject to this option are scheduled to vest on May 31, 2022.

F11: Of the 2,500 shares exercised on November 2, 2021, 1,250 shares vested on May 31, 2020 and 1,250 shares 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.

F12: The 750 shares exercised on November 2, 2021 vested on May 31, 2021. Of the remaining 4,250 shares subject to this option, 500 shares vested on May 31, 2021, 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.