Strategy Inc — Director's Dealing 2021

Aug 30, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MICROSTRATEGY Inc (MSTR)
CIK: 0001050446
Period of Report: 2021-08-26

Reporting Person: Lang Timothy Edwin (SEVP & CTO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-08-26	Class A Common Stock	M	10000	$189.16	Acquired	10000	Direct
2021-08-26	Class A Common Stock	S	676	$701.90	Disposed	9324	Direct
2021-08-26	Class A Common Stock	S	1461	$703.39	Disposed	7863	Direct
2021-08-26	Class A Common Stock	S	1194	$703.95	Disposed	6669	Direct
2021-08-26	Class A Common Stock	S	2178	$704.96	Disposed	4491	Direct
2021-08-26	Class A Common Stock	S	572	$706.12	Disposed	3919	Direct
2021-08-26	Class A Common Stock	S	756	$707.18	Disposed	3163	Direct
2021-08-26	Class A Common Stock	S	235	$708.09	Disposed	2928	Direct
2021-08-26	Class A Common Stock	S	1418	$709.53	Disposed	1510	Direct
2021-08-26	Class A Common Stock	S	491	$710.39	Disposed	1019	Direct
2021-08-26	Class A Common Stock	S	150	$711.40	Disposed	869	Direct
2021-08-26	Class A Common Stock	S	869	$712.94	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-08-26	Employee Stock Option (Right to buy)	$189.16	M	10000	Disposed	2027-03-08	Class A Common Stock (10000)	Direct

Footnotes

F1: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $701.45 to $702.30, 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.

F2: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $702.48 to $703.44, 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 $703.48 to $704.40, 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 $704.49 to $705.10, 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 $705.87 to $706.75, 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 $706.99 to $707.92, 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 $708.00 to $708.14, 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 reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $709.00 to $709.72, 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.

F9: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $710.01 to $711.00, 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.

F10: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $711.19 to $711.50, 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.

F11: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $712.76 to $713.04, 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.

F12: Of the 10,000 shares exercised on August 26, 2021 pursuant to this option, 7,500 shares vested on March 8, 2018 and 2,500 shares vested on March 8, 2019. Of the remaining 20,000 shares subject to this option, 5,000 shares vested on March 8, 2019, 7,500 shares vested on March 8, 2020, and 7,500 shares vested on March 8, 2021.

F13: See Exhibit A.