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: 2023-06-16

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-06-16	Class A Common Stock	M	10000	$131.53	Acquired	10458	Direct
2023-06-16	Class A Common Stock	S	2691	$294.00	Disposed	7767	Direct
2023-06-16	Class A Common Stock	S	1499	$295.07	Disposed	6268	Direct
2023-06-16	Class A Common Stock	S	2800	$295.91	Disposed	3468	Direct
2023-06-16	Class A Common Stock	S	2310	$297.07	Disposed	1158	Direct
2023-06-16	Class A Common Stock	S	700	$297.70	Disposed	458	Direct
2023-06-20	Class A Common Stock	M	10000	$131.53	Acquired	10458	Direct
2023-06-20	Class A Common Stock	S	4603	$311.44	Disposed	5855	Direct
2023-06-20	Class A Common Stock	S	5397	$312.16	Disposed	458	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-06-16	Employee Stock Option (Right to buy)	$131.53	M	10000	Disposed	2028-02-08	Class A Common Stock (10000)	Direct
2023-06-20	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 $293.34 to $294.31, 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 $294.53 to $295.36, 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 $295.53 to $296.47, 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 $296.54 to $297.47, 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 reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $297.68 to $297.74, 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.

F6: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $310.82 to $311.81, 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.

F7: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $311.83 to $312.82, 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.

F8: The 10,000 shares exercised on June 16, 2023 pursuant to this option vested on February 8, 2022. The remaining 10,000 shares subject to this option vested on February 8, 2022.

F9: See Exhibit A.

F10: The 10,000 shares exercised on June 20, 2023 pursuant to this option vested on February 8, 2022.