Strategy Inc — Director's Dealing 2023

Dec 6, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MICROSTRATEGY Inc (MSTR)
CIK: 0001050446
Period of Report: 2023-12-04

Reporting Person: Montgomery Jeanine (SVP & CAO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-12-04	Class A Common Stock	M	2500	$131.53	Acquired	2991	Direct
2023-12-04	Class A Common Stock	M	5000	$151.60	Acquired	7991	Direct
2023-12-04	Class A Common Stock	S	100	$558.80	Disposed	7891	Direct
2023-12-04	Class A Common Stock	S	1350	$560.52	Disposed	6541	Direct
2023-12-04	Class A Common Stock	S	200	$561.27	Disposed	6341	Direct
2023-12-04	Class A Common Stock	S	1237	$564.87	Disposed	5104	Direct
2023-12-04	Class A Common Stock	S	800	$565.79	Disposed	4304	Direct
2023-12-04	Class A Common Stock	S	600	$567.79	Disposed	3704	Direct
2023-12-04	Class A Common Stock	S	2911	$568.42	Disposed	793	Direct
2023-12-04	Class A Common Stock	S	300	$570.02	Disposed	493	Direct
2023-12-04	Class A Common Stock	S	2	$571.03	Disposed	491	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-12-04	Employee Stock Option (Right to buy)	$131.53	M	2500	Disposed	2028-02-08	Class A Common Stock (2500)	Direct
2023-12-04	Employee Stock Option (Right to buy)	$151.60	M	5000	Disposed	2029-11-22	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 $560.04 to $560.56, 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 $561.26 to $561.29, 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 $564.50 to $565.13, 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 $565.58 to $566.17, 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 $567.04 to $567.95, 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 $568.05 to $568.94, 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 $569.99 to $570.04, 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.

F8: Of the 2,500 shares exercised on December 4, 2023 pursuant to this option, 1,250 shares vested on February 8, 2021 and 1,250 shares vested on February 8, 2022.

F9: See Exhibit A.

F10: Of the 5,000 shares exercised on December 4, 2023 pursuant to this option, 1,250 shares vested on November 22, 2020, 1,250 shares vested on November 22, 2021, 1,250 shares vested on November 22, 2022, and 1,250 shares vested on November 22, 2023