Strategy Inc — Director's Dealing 2023

Dec 20, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MICROSTRATEGY Inc (MSTR)
CIK: 0001050446
Period of Report: 2023-12-19

Reporting Person: Le Phong (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-12-19	Class A Common Stock	M	5000	$189.16	Acquired	5595	Direct
2023-12-19	Class A Common Stock	S	3075	$568.33	Disposed	2520	Direct
2023-12-19	Class A Common Stock	S	1733	$569.32	Disposed	787	Direct
2023-12-19	Class A Common Stock	S	192	$570.50	Disposed	595	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-12-19	Employee Stock Option (Right to buy)	$189.16	M	5000	Disposed	2027-03-08	Class A Common Stock (5000)	Direct

Footnotes

F1: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $567.89 to $568.75, 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 range 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 $568.97 to $569.66, 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 range 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 $570.04 to $571.00, 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 range set forth in this footnote.

F4: The 5,000 shares exercised on December 19, 2023 pursuant to this option vested on March 8, 2021. The remaining 5,000 shares subject to this option vested on March 8, 2021.

F5: See Exhibit A.