Strategy Inc — Director's Dealing 2025

May 21, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MICROSTRATEGY Inc (MSTR)
CIK: 0001050446
Period of Report: 2025-05-19

Reporting Person: Kang Andrew (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-05-19	Class A Common Stock	M	12500	—	Acquired	27715	Direct
2025-05-20	Class A Common Stock	S	3351	$409.679	Disposed	24364	Direct
2025-05-20	Class A Common Stock	S	1490	$410.373	Disposed	22874	Direct
2025-05-20	Class A Common Stock	S	44	$411.035	Disposed	22830	Direct
2025-05-20	Class A Common Stock	S	753	$412.243	Disposed	22077	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-05-19	Restricted Stock Units	$	M	12500	Disposed		Class A Common Stock (12500)	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: 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.

F3: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $409.11 to $409.985, 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.

F4: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $410.00 to $410.94, 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 $412.12 to $412.375, 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 remaining 12,500 restricted stock units will vest on May 18, 2026.