Strategy Inc — Director's Dealing 2023

Aug 7, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MICROSTRATEGY Inc (MSTR)
CIK: 0001050446
Period of Report: 2023-08-03

Reporting Person: Patten Jarrod M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-08-03	Class A Common Stock	M	500	$121.43	Acquired	500	Direct
2023-08-03	Class A Common Stock	S	500	$393.11	Disposed	0	Direct
2023-08-04	Class A Common Stock	M	1000	$121.43	Acquired	1000	Direct
2023-08-04	Class A Common Stock	S	1000	$389.87	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-08-03	Director Stock Option (Right to buy)	$121.43	M	500	Disposed	2024-04-30	Class A Common Stock (500)	Direct
2023-08-04	Director Stock Option (Right to buy)	$121.43	M	1000	Disposed	2024-04-30	Class A Common Stock (1000)	Direct

Footnotes

F1: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $389.34 to $390.18, 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 500 shares exercised on August 3, 2023 pursuant to this option vested on April 30, 2016. Of the remaining 23,500 shares subject to this option, 6,000 shares vested on April 30, 2016, 8,750 shares vested on April 30, 2017, and 8,750 shares vested on April 30, 2018.

F3: See Exhibit A.

F4: The 1,000 shares exercised on August 4, 2023 pursuant to this option vested on April 30, 2016. Of the remaining 22,500 shares subject to this option, 5,000 shares vested on April 30, 2016, 8,750 shares vested on April 30, 2017, and 8,750 shares vested on April 30, 2018.