Strategy Inc — Director's Dealing 2025

Mar 13, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MICROSTRATEGY Inc (MSTR)
CIK: 0001050446
Period of Report: 2025-03-11

Reporting Person: Kang Andrew (N/A)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-03-11	Employee Stock Option (Right to buy)	$260.59	A	4359	Acquired	2035-03-11	Class A Common Stock (4359)	Direct
2025-03-11	Restricted Stock Units	$	A	8284	Acquired		Class A Common Stock (8284)	Direct
2025-03-11	Performance Stock Units	$	A	3313	Acquired		Class A Common Stock (3313)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	12080	Direct

Footnotes

F1: 25 percent of the shares subject to this option vest on the first anniversary of the grant date, and an additional 25 percent of the shares originally subject to this option vest on each anniversary thereafter until the option is vested in full.

F2: 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").

F3: 25 percent of these restricted stock units vest on the first anniversary of the grant date, and an additional 25 percent of the original number of restricted stock units vest on each anniversary thereafter until the restricted stock units are vested in full.

F4: Each PSU represents a contingent right to receive shares of Strategy class A common stock of between 0% and 200% of the target number of units, with the percentage determined based on Strategy's relative total shareholder return (TSR) as compared to the TSR of members of the Nasdaq Composite Index over a three-year performance period (March 11, 2025 to March 10, 2028). Vesting is subject to certification by Strategy's Compensation Committee of the level of achievement of the performance goal and the participant's continued service through that date. The "target" number of PSUs is reported on this Form 4.