Michael J. Saylor - Feb 14, 2024 Form 4 Insider Report for MICROSTRATEGY Inc (MSTR)

Signature
/s/ Joseph Phillips, Attorney-in-Fact
Stock symbol
MSTR
Transactions as of
Feb 14, 2024
Transactions value $
-$2,457,679
Form type
4
Date filed
2/15/2024, 04:08 PM
Previous filing
Feb 14, 2024
Next filing
Feb 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSTR Class A Common Stock Options Exercise $607K +5K $121.43 5K Feb 14, 2024 Direct F1
transaction MSTR Class A Common Stock Sale -$30.9K -42 -0.84% $736.84 4.96K Feb 14, 2024 Direct F1
transaction MSTR Class A Common Stock Sale -$78.9K -107 -2.16% $737.68 4.85K Feb 14, 2024 Direct F1, F2
transaction MSTR Class A Common Stock Sale -$64.3K -87 -1.79% $738.63 4.76K Feb 14, 2024 Direct F1
transaction MSTR Class A Common Stock Sale -$370K -500 -10.5% $739.84 4.26K Feb 14, 2024 Direct F1
transaction MSTR Class A Common Stock Sale -$66.1K -89 -2.09% $742.93 4.18K Feb 14, 2024 Direct F1
transaction MSTR Class A Common Stock Sale -$41.7K -56 -1.34% $744.00 4.12K Feb 14, 2024 Direct F1
transaction MSTR Class A Common Stock Sale -$32.8K -44 -1.07% $744.78 4.08K Feb 14, 2024 Direct F1
transaction MSTR Class A Common Stock Sale -$31.3K -42 -1.03% $745.44 4.03K Feb 14, 2024 Direct F1
transaction MSTR Class A Common Stock Sale -$49.3K -66 -1.64% $746.74 3.97K Feb 14, 2024 Direct F1
transaction MSTR Class A Common Stock Sale -$114K -153 -3.86% $747.75 3.81K Feb 14, 2024 Direct F1, F3
transaction MSTR Class A Common Stock Sale -$79.4K -106 -2.78% $748.74 3.71K Feb 14, 2024 Direct F1, F4
transaction MSTR Class A Common Stock Sale -$41.2K -55 -1.48% $749.05 3.65K Feb 14, 2024 Direct F1
transaction MSTR Class A Common Stock Sale -$97K -129 -3.53% $751.59 3.52K Feb 14, 2024 Direct F1, F5
transaction MSTR Class A Common Stock Sale -$100K -133 -3.77% $752.50 3.39K Feb 14, 2024 Direct F1, F6
transaction MSTR Class A Common Stock Sale -$76.8K -102 -3.01% $753.28 3.29K Feb 14, 2024 Direct F1, F7
transaction MSTR Class A Common Stock Sale -$21.9K -29 -0.88% $754.17 3.26K Feb 14, 2024 Direct F1
transaction MSTR Class A Common Stock Sale -$274K -363 -11.13% $755.52 2.9K Feb 14, 2024 Direct F1, F8
transaction MSTR Class A Common Stock Sale -$253K -335 -11.56% $756.45 2.56K Feb 14, 2024 Direct F1, F9
transaction MSTR Class A Common Stock Sale -$36.4K -48 -1.87% $757.35 2.51K Feb 14, 2024 Direct F1
transaction MSTR Class A Common Stock Sale -$22K -29 -1.15% $758.50 2.49K Feb 14, 2024 Direct F1
transaction MSTR Class A Common Stock Sale -$220K -289 -11.63% $759.58 2.2K Feb 14, 2024 Direct F1, F10
transaction MSTR Class A Common Stock Sale -$133K -175 -7.97% $760.29 2.02K Feb 14, 2024 Direct F1, F11
transaction MSTR Class A Common Stock Sale -$78.4K -103 -5.1% $761.16 1.92K Feb 14, 2024 Direct F1, F12
transaction MSTR Class A Common Stock Sale -$41.2K -54 -2.82% $762.66 1.86K Feb 14, 2024 Direct F1
transaction MSTR Class A Common Stock Sale -$78.7K -103 -5.53% $764.32 1.76K Feb 14, 2024 Direct F1, F13
transaction MSTR Class A Common Stock Sale -$60.5K -79 -4.49% $765.76 1.68K Feb 14, 2024 Direct F1, F14
transaction MSTR Class A Common Stock Sale -$250K -326 -19.38% $766.47 1.36K Feb 14, 2024 Direct F1, F15
transaction MSTR Class A Common Stock Sale -$232K -303 -22.35% $767.32 1.05K Feb 14, 2024 Direct F1, F16
transaction MSTR Class A Common Stock Sale -$89.2K -116 -11.02% $768.57 937 Feb 14, 2024 Direct F1, F17

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MSTR Employee Stock Option (Right to buy) Options Exercise $0 -5K -2% $0.00 245K Feb 14, 2024 Class A Common Stock 5K $121.43 Direct F18
holding MSTR Class B Common Stock 1.96M Feb 14, 2024 Class A Common Stock 1.96M Shares owned by LLC F19, F20
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 19, 2023.
F2 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $737.57 to $737.77, 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.
F3 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $747.49 to $747.98, 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.
F4 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $748.53 to $748.95, 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.
F5 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $751.40 to $751.94, 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.
F6 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $752.34 to $752.88, 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.
F7 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $753.22 to $753.31, 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.
F8 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $755.20 to $755.92, 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.
F9 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $756.10 to $756.95, 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.
F10 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $759.29 to $759.97, 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.
F11 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $760.03 to $760.52, 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.
F12 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $761.08 to $761.28, 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.
F13 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $764.01 to $764.73, 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.
F14 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $765.70 to $765.89, 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.
F15 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $766.00 to $766.88, 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.
F16 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $767.00 to $767.87, 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.
F17 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $768.48 to $768.67, 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.
F18 The option vested in four equal installments on April 30, 2015, 2016, 2017 and 2018. The option is fully vested and exercisable.
F19 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.
F20 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.

Remarks:

Because there are more than 30 rows associated with the reporting person's transactions that occurred on February 14, 2024, and EDGAR will not allow for the entry of more than 30 rows on a single Form 4, this Form 4 is being filed in conjunction with a second Form 4 by the reporting person. The two Forms 4 filed by the reporting person on the date hereof should be read together as one consolidated filing.