Strategy Inc — Director's Dealing 2025

Dec 23, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Strategy Inc (MSTR)
CIK: 0001050446
Period of Report: 2025-12-20

Reporting Person: Dietze Jane A (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-12-20	Class A Common Stock	M	686	—	Acquired	686	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-12-20	Restricted Stock Units	$	M	686	Disposed		Class A Common Stock (686)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Series A Perpetual Stretch Preferred Stock	2600	Direct

Footnotes

F1: Each restricted stock unit ("RSU") represents a contingent right to receive one share of Strategy Inc class A common stock.

F2: The remaining 2,059 RSUs will vest in annual installments over a three-year period, with 686 RSUs vesting on December 20, 2026, 686 RSUs vesting on December 20, 2027 and 687 RSUs vesting on December 20, 2028.