Strategy Inc — Director's Dealing 2023

Jun 21, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MICROSTRATEGY Inc (MSTR)
CIK: 0001050446
Period of Report: 2023-06-20

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-06-20	Class A Common Stock	M	6250	$131.53	Acquired	6566	Direct
2023-06-20	Class A Common Stock	M	3750	$151.60	Acquired	10316	Direct
2023-06-20	Class A Common Stock	S	6289	$299.96	Disposed	4027	Direct
2023-06-20	Class A Common Stock	S	400	$300.73	Disposed	3627	Direct
2023-06-20	Class A Common Stock	S	2511	$302.12	Disposed	1116	Direct
2023-06-20	Class A Common Stock	S	800	$302.92	Disposed	316	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-06-20	Employee Stock Option (Right to buy)	$131.53	M	6250	Disposed	2028-02-08	Class A Common Stock (6250)	Direct
2023-06-20	Employee Stock Option (Right to buy)	$151.60	M	3750	Disposed	2029-11-22	Class A Common Stock (3750)	Direct

Footnotes

F1: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $299.37 to $300.30, 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 $300.46 to $301.05, 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 $301.74 to $302.72, 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 reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $302.80 to $303.37, 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.

F5: The 6,250 shares exercised on June 20, 2023 pursuant to this option vested on February 8, 2022.

F6: See Exhibit A.

F7: Of the 3,750 shares exercised on June 20, 2023 pursuant to this option, 3,250 shares vested on November 22, 2020 and 500 shares vested on November 22, 2021. Of the remaining 14,500 shares subject to this option, 4,500 shares vested on November 22, 2021, 5,000 shares vested on November 22, 2022, and 5,000 shares are scheduled to vest on November 22, 2023.