Strategy Inc — Director's Dealing 2025

Jan 23, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MICROSTRATEGY Inc (MSTR)
CIK: 0001050446
Period of Report: 2025-01-21

Reporting Person: WINIARSKI GREGG (N/A)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-01-21	Director Stock Option (Right to buy)	$364.2	A	3709	Acquired	2035-01-21	Class A Common Stock (3709)	Direct
2025-01-21	Restricted Stock Units	$	A	2745	Acquired		Class A Common Stock (2745)	Direct

Footnotes

F1: These grants were approved by the Board of Directors (the "Board") on December 20, 2024, subject to stockholder approval of an amendment to the MicroStrategy Incorporated 2023 Equity Incentive Plan (the "Plan Amendment"), which
provides that, beginning on December 20, 2024, upon the initial election of a non-employee director to the Board, such director will be automatically granted equity awards with an aggregate fair value of $2,000,000 (split evenly between
RSUs and options), vesting in equal annual installments over four years. The stockholders approved the Plan Amendment on January 21, 2025.

F2: 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.

F3: Each restricted stock unit represents a contingent right to receive one share of MicroStrategy class A common stock.

F4: 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.