Strategy Inc — Director's Dealing 2021

Mar 11, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MICROSTRATEGY Inc (MSTR)
CIK: 0001050446
Period of Report: 2021-03-09

Reporting Person: Shao Wei-Ming (SEVP & General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-09	Class A Common Stock	M	10000	$131.53	Acquired	10005	Direct
2021-03-09	Class A Common Stock	S	3000	$700.00	Disposed	7005	Direct
2021-03-09	Class A Common Stock	S	2900	$700.00	Disposed	4105	Direct
2021-03-09	Class A Common Stock	S	100	$701.09	Disposed	4005	Direct
2021-03-09	Class A Common Stock	S	1397	$709.19	Disposed	2608	Direct
2021-03-09	Class A Common Stock	S	385	$710.27	Disposed	2223	Direct
2021-03-09	Class A Common Stock	S	218	$711.17	Disposed	2005	Direct
2021-03-09	Class A Common Stock	S	2000	$715.00	Disposed	5	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-09	Employee Stock Option (Right to buy)	$131.53	M	10000	Disposed	2028-02-08	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 $700.00 to $700.04, 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.

F2: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $709.00 to $709.90, 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 $710.00 to $710.96, 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 $711.11 to $711.21, 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: Of the 10,000 shares exercised on March 9, 2021 pursuant to this option, 6,250 shares vested on February 8, 2019 and 3,750 shares vested on February 8, 2020. Of the remaining 15,000 shares subject to this option, 2,500 shares vested on February 8, 2020, 6,250 shares vested on February 8, 2021, and 6,250 shares are scheduled to vest on February 8, 2022.

F6: See Exhibit A.