Strategy Inc — Director's Dealing 2025

Aug 11, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Strategy Inc (MSTR)
CIK: 0001050446
Period of Report: 2025-08-07

Reporting Person: Kang Andrew (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-08-07	Class A Common Stock	M	18750	$19.744	Acquired	43210	Direct
2025-08-07	Class A Common Stock	S	6250	$390	Disposed	36960	Direct
2025-08-07	Class A Common Stock	S	6250	$395	Disposed	30710	Direct
2025-08-07	Class A Common Stock	S	6250	$400	Disposed	24460	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-08-07	Employee Stock Option (Right to buy)	$19.744	M	18750	Disposed	2032-05-18	Class A Common Stock (18750)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Series A Perpetual Stretch Preferred Stock	2800	Direct
Series A Perpetual Stride Preferred Stock	2250	Direct
Series A Perpetual Strife Preferred Stock	1500	Direct

Footnotes

F1: The 18,750 shares exercised on August 7, 2025 pursuant to this option vested on May 18, 2024. Of the remaining 87,500 shares subject to this option, 12,500 shares vested on May 18, 2024, 37,500 shares vested on May 18, 2025, and 37,500 shares are scheduled to vest on May 18, 2026.