Strategy Inc — Director's Dealing 2025

May 15, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MICROSTRATEGY Inc (MSTR)
CIK: 0001050446
Period of Report: 2025-05-13

Reporting Person: Patten Jarrod M (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-05-13	Class A Common Stock	M	1200	$17.598	Acquired	12470	Direct
2025-05-13	Class A Common Stock	S	500	$411	Disposed	11970	Direct
2025-05-13	Class A Common Stock	S	700	$417	Disposed	11270	Direct
2025-05-14	Class A Common Stock	M	1750	$17.598	Acquired	13020	Direct
2025-05-14	Class A Common Stock	S	700	$425	Disposed	12320	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-05-13	Director Stock Option (Right to buy)	$17.598	M	1200	Disposed	2025-05-31	Class A Common Stock (1200)	Direct
2025-05-14	Director Stock Option (Right to buy)	$17.598	M	1750	Disposed	2025-05-31	Class A Common Stock (1750)	Direct

Footnotes

F1: The 1,200 shares exercised on May 13, 2025 pursuant to this option vested on May 31, 2017. Of the remaining 30,000 shares subject to this option 5,000 shares vested on May 31, 2017, 12,500 shares vested on May 31, 2018, and 12,500 shares vested on May 31, 2019.

F2: The 1,750 shares exercised on May 14, 2025 pursuant to this option vested on May 31, 2017. Of the remaining 28,250 shares subject to this option 3,250 shares vested on May 31, 2017, 12,500 shares vested on May 31, 2018, and 12,500 shares vested on May 31, 2019.