Michael J. Saylor - Feb 22, 2024 Form 4 Insider Report for MICROSTRATEGY Inc (MSTR)

Signature
/s/ Joseph Phillips, Attorney-in-Fact
Stock symbol
MSTR
Transactions as of
Feb 22, 2024
Transactions value $
-$2,914,368
Form type
4
Date filed
2/23/2024, 04:05 PM
Previous filing
Feb 22, 2024
Next filing
Feb 26, 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 22, 2024 Direct F1
transaction MSTR Class A Common Stock Sale -$30.8K -45 -0.9% $683.70 4.96K Feb 22, 2024 Direct F1
transaction MSTR Class A Common Stock Sale -$205K -300 -6.05% $684.41 4.66K Feb 22, 2024 Direct F1
transaction MSTR Class A Common Stock Sale -$137K -200 -4.3% $685.00 4.46K Feb 22, 2024 Direct F1
transaction MSTR Class A Common Stock Sale -$138K -200 -4.49% $688.74 4.26K Feb 22, 2024 Direct F1, F2
transaction MSTR Class A Common Stock Sale -$69.1K -100 -2.35% $691.29 4.16K Feb 22, 2024 Direct F1
transaction MSTR Class A Common Stock Sale -$139K -200 -4.81% $695.82 3.96K Feb 22, 2024 Direct F1, F3
transaction MSTR Class A Common Stock Sale -$140K -200 -5.06% $698.83 3.76K Feb 22, 2024 Direct F1
transaction MSTR Class A Common Stock Sale -$210K -300 -7.99% $700.59 3.46K Feb 22, 2024 Direct F1, F4
transaction MSTR Class A Common Stock Sale -$210K -300 -8.68% $701.54 3.16K Feb 22, 2024 Direct F1, F5
transaction MSTR Class A Common Stock Sale -$211K -300 -9.51% $703.78 2.86K Feb 22, 2024 Direct F1
transaction MSTR Class A Common Stock Sale -$141K -200 -7.01% $705.78 2.66K Feb 22, 2024 Direct F1, F6
transaction MSTR Class A Common Stock Sale -$21.2K -30 -1.13% $706.64 2.63K Feb 22, 2024 Direct F1
transaction MSTR Class A Common Stock Sale -$270K -382 -14.55% $707.42 2.24K Feb 22, 2024 Direct F1, F7
transaction MSTR Class A Common Stock Sale -$354K -500 -22.29% $708.09 1.74K Feb 22, 2024 Direct F1, F8
transaction MSTR Class A Common Stock Sale -$71K -100 -5.74% $709.70 1.64K Feb 22, 2024 Direct F1
transaction MSTR Class A Common Stock Sale -$355K -500 -30.43% $710.48 1.14K Feb 22, 2024 Direct F1, F9
transaction MSTR Class A Common Stock Sale -$142K -200 -17.5% $711.58 943 Feb 22, 2024 Direct F1
transaction MSTR Class A Common Stock Sale -$35.6K -50 -5.3% $712.85 893 Feb 22, 2024 Direct F1
transaction MSTR Class A Common Stock Sale -$66.3K -93 -10.41% $713.15 800 Feb 22, 2024 Direct F1
transaction MSTR Class A Common Stock Sale -$71.4K -100 -12.5% $714.49 700 Feb 22, 2024 Direct F1
transaction MSTR Class A Common Stock Sale -$215K -300 -42.86% $715.80 400 Feb 22, 2024 Direct F1
transaction MSTR Class A Common Stock Sale -$71.7K -100 -25% $717.40 300 Feb 22, 2024 Direct F1
transaction MSTR Class A Common Stock Sale -$216K -300 -100% $719.31 0 Feb 22, 2024 Direct F1, F10

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 -2.22% $0.00 220K Feb 22, 2024 Class A Common Stock 5K $121.43 Direct F11
holding MSTR Class B Common Stock 1.96M Feb 22, 2024 Class A Common Stock 1.96M Shares owned by LLC F12, F13
* 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 $688.73 to $688.74, 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 $695.68 to $695.95, 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.
F4 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $700.00 to $700.93, 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.
F5 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $701.39 to $701.84, 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 $705.73 to $705.83, 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 $707.17 to $707.68, 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 $708.02 to $708.21, 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 $710.47 to $710.52, 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.
F10 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $719.00 to $719.57, 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 option vested in four equal installments on April 30, 2015, 2016, 2017 and 2018. The option is fully vested and exercisable.
F12 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.
F13 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.