Strategy Inc — Director's Dealing 2025

Jun 3, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MICROSTRATEGY Inc (MSTR)
CIK: 0001050446
Period of Report: 2025-05-29

Reporting Person: Patten Jarrod M (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-05-29	Class A Common Stock	M	4500	$17.598	Acquired	26270	Direct
2025-05-29	Class A Common Stock	S	1700	$368.31	Disposed	24570	Direct
2025-05-29	Class A Common Stock	S	700	$372	Disposed	23870	Direct
2025-05-30	Class A Common Stock	M	10300	$17.598	Acquired	34170	Direct
2025-05-30	Class A Common Stock	S	1700	$368.034	Disposed	32470	Direct
2025-05-30	Class A Common Stock	S	1700	$366.481	Disposed	30770	Direct
2025-05-30	Class A Common Stock	S	3750	$364.415	Disposed	27020	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-05-29	Director Stock Option (Right to buy)	$17.598	M	4500	Disposed	2025-05-31	Class A Common Stock (4500)	Direct
2025-05-30	Director Stock Option (Right to buy)	$17.598	M	10300	Disposed	2025-05-31	Class A Common Stock (10300)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Series A Perpetual Strife Preferred Stock	10000	Direct

Footnotes

F1: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $368.020 to $368.110, inclusive. The reporting person undertakes to provide to MicroStrategy Incorporated d/b/a Strategy ("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 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 $366.410 to $366.510, 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 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 $364.040 to $364.561, 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 at each price within the range set forth in this footnote.

F4: Of the 4,500 shares exercised on May 29, 2025 pursuant to this option, 2,300 vested on May 31, 2018 and 2,200 vested on May 31, 2019. The remaining 10,300 shares subject to this option vested on May 31, 2019.

F5: The 10,300 shares exercised on May 30, 2025 pursuant to this option vested on May 31, 2019.