Strategy Inc — Director's Dealing 2025

Jun 10, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MICROSTRATEGY Inc (MSTR)
CIK: 0001050446
Period of Report: 2025-06-05

Reporting Person: Kang Andrew (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-06-05	Class A Common Stock	M	4260	—	Acquired	26337	Direct
2025-06-05	Series A Perpetual Stride Preferred Stock	P	2250	$85	Acquired	2250	Direct
2025-06-06	Class A Common Stock	S	7	$370.703	Disposed	26330	Direct
2025-06-06	Class A Common Stock	S	130	$371.637	Disposed	26200	Direct
2025-06-06	Class A Common Stock	S	153	$372.305	Disposed	26047	Direct
2025-06-06	Class A Common Stock	S	135	$373.744	Disposed	25912	Direct
2025-06-06	Class A Common Stock	S	708	$374.612	Disposed	25204	Direct
2025-06-06	Class A Common Stock	S	602	$375.43	Disposed	24602	Direct
2025-06-06	Class A Common Stock	S	130	$376.358	Disposed	24472	Direct
2025-06-06	Class A Common Stock	S	12	$377.143	Disposed	24460	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-06-05	Restricted Stock Units	$	M	4260	Disposed		Class A Common Stock (4260)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Series A Perpetual Strife Preferred Stock	1500	Direct

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of class A common stock of MicroStrategy Incorporated d/b/a Strategy ("Strategy").

F2: Represents shares purchased through a directed share program in connection with the underwritten public offering of Strategy's 10.00% Series A Perpetual Stride Preferred Stock. These shares were purchased at the public offering price of $85.00 per share.

F3: The sale was effected pursuant to a Rule 10b5-1 instruction letter entered into on May 2, 2024 to satisfy the Reporting Person's tax withholding obligation upon the vesting of previously granted equity awards.

F4: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $370.66 to $370.72, inclusive. The reporting person undertakes to provide to Strategy, any security holder of Strategy, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold ateach 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 $371.24 to $371.99, inclusive. The reporting person undertakes to provide to Strategy, any security holder of Strategy, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold ateach 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 $372.00 to $372.521, inclusive. The reporting person undertakes to provide to Strategy, any security holder of Strategy, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold ateach 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 $373.35 to $373.995, inclusive. The reporting person undertakes to provide to Strategy, any security holder of Strategy, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold ateach price within the range set forth in this footnote.

F8: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $374.00 to $374.99, inclusive. The reporting person undertakes to provide to Strategy, any security holder of Strategy, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold ateach price within the range set forth in this footnote.

F9: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $375.00 to $375.99, inclusive. The reporting person undertakes to provide to Strategy, any security holder of Strategy, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold ateach price within the range set forth in this footnote.

F10: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $376.00 to $376.91, inclusive. The reporting person undertakes to provide to Strategy, any security holder of Strategy, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold ateach price within the range set forth in this footnote.

F11: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $377.02 to $377.32, inclusive. The reporting person undertakes to provide to Strategy, any security holder of Strategy, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold ateach price within the range set forth in this footnote.

F12: The remaining 8,520 restricted stock units will vest in equal annual installments over a two-year period, with 4,260 restricted stock units vesting on June 5, 2026 and 4,260 restricted stock units vesting on June 5, 2027.