Michael J. Saylor - 17 Jan 2024 Form 4 Insider Report for MICROSTRATEGY Inc (MSTR)

Reporting relationship: Executive Chairman, Director, 10%+ Owner
Issuer ticker: MSTR
Reported as of: 17 Jan 2024
Net transaction value: -$1,810,120
SEC form: 4
Accepted by SEC: 18 Jan 2024, 16:05:54 UTC
Prior SEC filing: 17 Jan 2024
Next SEC filing: 19 Jan 2024
Source filing: View source filing
Reporting owner signature: /s/ Joseph Phillips, Attorney-in-Fact

Key filing fact

Michael J. Saylor filed Form 4 for MICROSTRATEGY Inc (MSTR) on 18 Jan 2024.

Key facts

This page summarizes Michael J. Saylor's Form 4 filing for MICROSTRATEGY Inc (MSTR).
21 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 18 Jan 2024, 16:05.

Change

Previous filing in this sequence was filed on 17 Jan 2024.
Current net transaction value: -$1,810,120.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

MSTR transaction

Class A Common Stock

Options Exercise

Transaction value: $607,150
Shares: +5,000
Change %
Price: $121.43
Shares after: 5,000
Date: 17 Jan 2024
Ownership: Direct
Footnotes: F1

MSTR transaction

Class A Common Stock

Sale

Transaction value: $20,392
Shares: -43
Change %: -0.86%
Price: $474.23
Shares after: 4,957
Date: 17 Jan 2024
Ownership: Direct
Footnotes: F1

MSTR transaction

Class A Common Stock

Sale

Transaction value: $47,798
Shares: -100
Change %: -2%
Price: $477.98
Shares after: 4,857
Date: 17 Jan 2024
Ownership: Direct
Footnotes: F1

MSTR transaction

Class A Common Stock

Sale

Transaction value: $261,119
Shares: -546
Change %: -11%
Price: $478.24
Shares after: 4,311
Date: 17 Jan 2024
Ownership: Direct
Footnotes: F1, F2

MSTR transaction

Class A Common Stock

Sale

Transaction value: $256,117
Shares: -534
Change %: -12%
Price: $479.62
Shares after: 3,777
Date: 17 Jan 2024
Ownership: Direct
Footnotes: F1, F3

MSTR transaction

Class A Common Stock

Sale

Transaction value: $446,744
Shares: -930
Change %: -25%
Price: $480.37
Shares after: 2,847
Date: 17 Jan 2024
Ownership: Direct
Footnotes: F1, F4

MSTR transaction

Class A Common Stock

Sale

Transaction value: $358,362
Shares: -744
Change %: -26%
Price: $481.67
Shares after: 2,103
Date: 17 Jan 2024
Ownership: Direct
Footnotes: F1, F5

MSTR transaction

Class A Common Stock

Sale

Transaction value: $83,952
Shares: -174
Change %: -8.3%
Price: $482.48
Shares after: 1,929
Date: 17 Jan 2024
Ownership: Direct
Footnotes: F1, F6

MSTR transaction

Class A Common Stock

Sale

Transaction value: $75,460
Shares: -156
Change %: -8.1%
Price: $483.72
Shares after: 1,773
Date: 17 Jan 2024
Ownership: Direct
Footnotes: F1, F7

MSTR transaction

Class A Common Stock

Sale

Transaction value: $34,890
Shares: -72
Change %: -4.1%
Price: $484.58
Shares after: 1,701
Date: 17 Jan 2024
Ownership: Direct
Footnotes: F1, F8

MSTR transaction

Class A Common Stock

Sale

Transaction value: $61,173
Shares: -126
Change %: -7.4%
Price: $485.50
Shares after: 1,575
Date: 17 Jan 2024
Ownership: Direct
Footnotes: F1, F9

MSTR transaction

Class A Common Stock

Sale

Transaction value: $116,722
Shares: -240
Change %: -15%
Price: $486.34
Shares after: 1,335
Date: 17 Jan 2024
Ownership: Direct
Footnotes: F1, F10

MSTR transaction

Class A Common Stock

Sale

Transaction value: $188,233
Shares: -386
Change %: -29%
Price: $487.65
Shares after: 949
Date: 17 Jan 2024
Ownership: Direct
Footnotes: F1, F11

MSTR transaction

Class A Common Stock

Sale

Transaction value: $187,949
Shares: -385
Change %: -41%
Price: $488.18
Shares after: 564
Date: 17 Jan 2024
Ownership: Direct
Footnotes: F1, F12

MSTR transaction

Class A Common Stock

Sale

Transaction value: $108,620
Shares: -222
Change %: -39%
Price: $489.28
Shares after: 342
Date: 17 Jan 2024
Ownership: Direct
Footnotes: F1, F13

MSTR transaction

Class A Common Stock

Sale

Transaction value: $18,180
Shares: -37
Change %: -11%
Price: $491.34
Shares after: 305
Date: 17 Jan 2024
Ownership: Direct
Footnotes: F1

MSTR transaction

Class A Common Stock

Sale

Transaction value: $16,280
Shares: -33
Change %: -11%
Price: $493.33
Shares after: 272
Date: 17 Jan 2024
Ownership: Direct
Footnotes: F1

MSTR transaction

Class A Common Stock

Sale

Transaction value: $65,423
Shares: -132
Change %: -49%
Price: $495.63
Shares after: 140
Date: 17 Jan 2024
Ownership: Direct
Footnotes: F1, F14

MSTR transaction

Class A Common Stock

Sale

Transaction value: $27,940
Shares: -56
Change %: -40%
Price: $498.93
Shares after: 84
Date: 17 Jan 2024
Ownership: Direct
Footnotes: F1, F15

MSTR transaction

Class A Common Stock

Sale

Transaction value: $41,916
Shares: -84
Change %: -100%
Price: $499.00
Shares after: 0
Date: 17 Jan 2024
Ownership: Direct
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

MSTR transaction Derivative

Employee Stock Option (Right to buy)

Options Exercise

Transaction value: $0
Shares: -5,000
Change %: -1.4%
Price: $0.000000
Shares after: 345,000
Date: 17 Jan 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 5,000
Exercise price: $121.43
Footnotes: F16

MSTR holding Derivative

Class B Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,961,668
Date: 17 Jan 2024
Ownership: Shares owned by LLC
Underlying class: Class A Common Stock
Underlying amount: 1,961,668
Exercise price
Footnotes: F17, F18

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 18 footnotes

Footnote F1

This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 19, 2023.

Footnote F2

The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $478.00 to $478.94, inclusive. The reporting person undertakes to provide to MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, 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.

Footnote F3

The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $479.01 to $479.96, inclusive. The reporting person undertakes to provide to MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, 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.

Footnote F4

The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $480.00 to $480.93, inclusive. The reporting person undertakes to provide to MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, 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.

Footnote F5

The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $481.04 to $481.98, inclusive. The reporting person undertakes to provide to MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, 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.

Footnote F6

The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $482.26 to $482.61, inclusive. The reporting person undertakes to provide to MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, 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.

Footnote F7

The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $483.54 to $483.98, inclusive. The reporting person undertakes to provide to MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, 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.

Footnote F8

The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $484.40 to $484.77, inclusive. The reporting person undertakes to provide to MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, 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.

Footnote F9

The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $485.31 to $485.72, inclusive. The reporting person undertakes to provide to MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, 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.

Footnote F10

The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $486.11 to $486.85, inclusive. The reporting person undertakes to provide to MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, 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.

Footnote F11

The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $487.31 to $487.99, inclusive. The reporting person undertakes to provide to MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, 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.

Footnote F12

The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $488.00 to $488.56, inclusive. The reporting person undertakes to provide to MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, 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.

Footnote F13

The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $489.02 to $489.97, inclusive. The reporting person undertakes to provide to MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, 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.

Footnote F14

The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $495.17 to $495.77, inclusive. The reporting person undertakes to provide to MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, 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.

Footnote F15

The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $498.91 to $498.93, inclusive. The reporting person undertakes to provide to MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, 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.

Footnote F16

The option vested in four equal installments on April 30, 2015, 2016, 2017 and 2018. The option is fully vested and exercisable.

Footnote F17

Shares of Class B Common Stock are convertible immediately upon receipt into shares of Class A Common Stock on a 1-for-1 basis and have no expiration date.

Footnote F18

Shares that are indicated as being "owned by LLC" are owned directly by Alcantara LLC (the "LLC"), and indirectly by Mr. Saylor as the sole member of the LLC.