Strategy Inc — Director's Dealing 2021

Aug 10, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MICROSTRATEGY Inc (MSTR)
CIK: 0001050446
Period of Report: 2021-08-05

Reporting Person: Montgomery Jeanine (SVP & CAO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-08-05	Class A Common Stock	M	2500	$131.53	Acquired	2500	Direct
2021-08-05	Class A Common Stock	S	2500	$675.00	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-08-05	Employee Stock Option (Right to buy)	$131.53	M	2500	Disposed	2028-02-08	Class A Common Stock (2500)	Direct

Footnotes

F1: Of the 2,500 shares exercised on August 5, 2021 pursuant to this option, 1,250 shares vested on February 8, 2019 and 1,250 shares vested on
February 8, 2020. Of the remaining 2,500 shares subject to this option, 1,250 shares vested on February 8, 2021 and 1,250 shares are
scheduled to vest on February 8, 2022.

F2: See Exhibit A.