Strategy Inc — Director's Dealing 2025

Nov 19, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Strategy Inc (MSTR)
CIK: 0001050446
Period of Report: 2025-11-17

Reporting Person: Montgomery Jeanine (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-11-17	Class A Common Stock	M	100	—	Acquired	8776	Direct
2025-11-18	Class A Common Stock	S	43	$208.548	Disposed	8733	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-11-17	Restricted Stock Units	$	M	100	Disposed		Class A Common Stock (100)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Series A Perpetual Stretch Preferred Stock	5000	Direct

Footnotes

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

F2: Includes 70 shares acquired under the Strategy Employee Stock Purchase Plan on August 29, 2025.

F3: The sale was effected pursuant to a Rule 10b5-1 instruction letter entered into on May 3, 2024 to satisfy the Reporting Person's tax withholding obligation upon the vesting of previously granted equity awards.

F4: The disposition of the shares reported on this form was made solely to permit the stockholder to pay Strategy the tax withholding obligation due upon vesting of the restricted stock units on November 15, 2025 and settlement of such restricted stock units on November 17, 2025.

F5: The 100 restricted stock units vested in full on November 15, 2025.