Michael J. Saylor - 27 Mar 2024 Form 4 Insider Report for MICROSTRATEGY Inc (MSTR)

Reporting relationship: Executive Chairman, Director, 10%+ Owner
Issuer ticker: MSTR
Reported as of: 27 Mar 2024
Net transaction value: -$6,766,064
SEC form: 4
Accepted by SEC: 28 Mar 2024, 16:09:32 UTC
Prior SEC filing: 27 Mar 2024
Next SEC filing: 29 Mar 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 28 Mar 2024.

Key facts

This page summarizes Michael J. Saylor's Form 4 filing for MICROSTRATEGY Inc (MSTR).
31 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 28 Mar 2024, 16:09.

Change

Previous filing in this sequence was filed on 27 Mar 2024.
Current net transaction value: -$6,766,064.

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: 27 Mar 2024
Ownership: Direct
Footnotes: F1

MSTR transaction

Class A Common Stock

Sale

Transaction value: $185,498
Shares: -100
Change %: -2%
Price: $1854.98
Shares after: 4,900
Date: 27 Mar 2024
Ownership: Direct
Footnotes: F1

MSTR transaction

Class A Common Stock

Sale

Transaction value: $185,997
Shares: -100
Change %: -2%
Price: $1859.97
Shares after: 4,800
Date: 27 Mar 2024
Ownership: Direct
Footnotes: F1

MSTR transaction

Class A Common Stock

Sale

Transaction value: $187,500
Shares: -100
Change %: -2.1%
Price: $1875.00
Shares after: 4,700
Date: 27 Mar 2024
Ownership: Direct
Footnotes: F1

MSTR transaction

Class A Common Stock

Sale

Transaction value: $189,191
Shares: -100
Change %: -2.1%
Price: $1891.91
Shares after: 4,600
Date: 27 Mar 2024
Ownership: Direct
Footnotes: F1

MSTR transaction

Class A Common Stock

Sale

Transaction value: $189,216
Shares: -100
Change %: -2.2%
Price: $1892.16
Shares after: 4,500
Date: 27 Mar 2024
Ownership: Direct
Footnotes: F1

MSTR transaction

Class A Common Stock

Sale

Transaction value: $189,815
Shares: -100
Change %: -2.2%
Price: $1898.15
Shares after: 4,400
Date: 27 Mar 2024
Ownership: Direct
Footnotes: F1

MSTR transaction

Class A Common Stock

Sale

Transaction value: $189,999
Shares: -100
Change %: -2.3%
Price: $1899.99
Shares after: 4,300
Date: 27 Mar 2024
Ownership: Direct
Footnotes: F1

MSTR transaction

Class A Common Stock

Sale

Transaction value: $190,000
Shares: -100
Change %: -2.3%
Price: $1900.00
Shares after: 4,200
Date: 27 Mar 2024
Ownership: Direct
Footnotes: F1

MSTR transaction

Class A Common Stock

Sale

Transaction value: $190,100
Shares: -100
Change %: -2.4%
Price: $1901.00
Shares after: 4,100
Date: 27 Mar 2024
Ownership: Direct
Footnotes: F1

MSTR transaction

Class A Common Stock

Sale

Transaction value: $380,500
Shares: -200
Change %: -4.9%
Price: $1902.50
Shares after: 3,900
Date: 27 Mar 2024
Ownership: Direct
Footnotes: F1, F2

MSTR transaction

Class A Common Stock

Sale

Transaction value: $190,399
Shares: -100
Change %: -2.6%
Price: $1903.99
Shares after: 3,800
Date: 27 Mar 2024
Ownership: Direct
Footnotes: F1

MSTR transaction

Class A Common Stock

Sale

Transaction value: $794,285
Shares: -417
Change %: -11%
Price: $1904.76
Shares after: 3,383
Date: 27 Mar 2024
Ownership: Direct
Footnotes: F1, F3

MSTR transaction

Class A Common Stock

Sale

Transaction value: $381,884
Shares: -200
Change %: -5.9%
Price: $1909.42
Shares after: 3,183
Date: 27 Mar 2024
Ownership: Direct
Footnotes: F1, F4

MSTR transaction

Class A Common Stock

Sale

Transaction value: $191,003
Shares: -100
Change %: -3.1%
Price: $1910.03
Shares after: 3,083
Date: 27 Mar 2024
Ownership: Direct
Footnotes: F1

MSTR transaction

Class A Common Stock

Sale

Transaction value: $382,478
Shares: -200
Change %: -6.5%
Price: $1912.39
Shares after: 2,883
Date: 27 Mar 2024
Ownership: Direct
Footnotes: F1, F5

MSTR transaction

Class A Common Stock

Sale

Transaction value: $191,477
Shares: -100
Change %: -3.5%
Price: $1914.77
Shares after: 2,783
Date: 27 Mar 2024
Ownership: Direct
Footnotes: F1

MSTR transaction

Class A Common Stock

Sale

Transaction value: $191,514
Shares: -100
Change %: -3.6%
Price: $1915.14
Shares after: 2,683
Date: 27 Mar 2024
Ownership: Direct
Footnotes: F1

MSTR transaction

Class A Common Stock

Sale

Transaction value: $383,698
Shares: -200
Change %: -7.5%
Price: $1918.49
Shares after: 2,483
Date: 27 Mar 2024
Ownership: Direct
Footnotes: F1, F6

MSTR transaction

Class A Common Stock

Sale

Transaction value: $310,888
Shares: -162
Change %: -6.5%
Price: $1919.06
Shares after: 2,321
Date: 27 Mar 2024
Ownership: Direct
Footnotes: F1, F7

MSTR transaction

Class A Common Stock

Sale

Transaction value: $384,054
Shares: -200
Change %: -8.6%
Price: $1920.27
Shares after: 2,121
Date: 27 Mar 2024
Ownership: Direct
Footnotes: F1, F8

MSTR transaction

Class A Common Stock

Sale

Transaction value: $192,496
Shares: -100
Change %: -4.7%
Price: $1924.96
Shares after: 2,021
Date: 27 Mar 2024
Ownership: Direct
Footnotes: F1

MSTR transaction

Class A Common Stock

Sale

Transaction value: $385,028
Shares: -200
Change %: -9.9%
Price: $1925.14
Shares after: 1,821
Date: 27 Mar 2024
Ownership: Direct
Footnotes: F1, F9

MSTR transaction

Class A Common Stock

Sale

Transaction value: $192,749
Shares: -100
Change %: -5.5%
Price: $1927.49
Shares after: 1,721
Date: 27 Mar 2024
Ownership: Direct
Footnotes: F1

MSTR transaction

Class A Common Stock

Sale

Transaction value: $92,617
Shares: -48
Change %: -2.8%
Price: $1929.53
Shares after: 1,673
Date: 27 Mar 2024
Ownership: Direct
Footnotes: F1

MSTR transaction

Class A Common Stock

Sale

Transaction value: $193,000
Shares: -100
Change %: -6%
Price: $1930.00
Shares after: 1,573
Date: 27 Mar 2024
Ownership: Direct
Footnotes: F1

MSTR transaction

Class A Common Stock

Sale

Transaction value: $257,150
Shares: -133
Change %: -8.5%
Price: $1933.46
Shares after: 1,440
Date: 27 Mar 2024
Ownership: Direct
Footnotes: F1, F10

MSTR transaction

Class A Common Stock

Sale

Transaction value: $193,478
Shares: -100
Change %: -6.9%
Price: $1934.78
Shares after: 1,340
Date: 27 Mar 2024
Ownership: Direct
Footnotes: F1

MSTR transaction

Class A Common Stock

Sale

Transaction value: $193,500
Shares: -100
Change %: -7.5%
Price: $1935.00
Shares after: 1,240
Date: 27 Mar 2024
Ownership: Direct
Footnotes: F1

MSTR transaction

Class A Common Stock

Sale

Transaction value: $193,700
Shares: -100
Change %: -8.1%
Price: $1937.00
Shares after: 1,140
Date: 27 Mar 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 %: -4.8%
Price: $0.000000
Shares after: 100,000
Date: 27 Mar 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 5,000
Exercise price: $121.43
Footnotes: F11

MSTR holding Derivative

Class B Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,961,668
Date: 27 Mar 2024
Ownership: Shares owned by LLC
Underlying class: Class A Common Stock
Underlying amount: 1,961,668
Exercise price
Footnotes: F12, F13

^* 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 13 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 $1,902.47 to $1,902.52, 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.

Footnote F3

The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,904.21 to $1,904.94, 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 F4

The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,909.00 to $1,909.83, 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.

Footnote F5

The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,912.00 to $1,912.77, 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 F6

The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,918.05 to $1,918.93, 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 F7

The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,919.00 to $1,919.16, 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 $1,920.00 to $1,920.53, 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 $1,925.00 to $1,925.28, 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.

Footnote F10

The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,933.41 to $1,933.47, 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 option vested in four equal installments on April 30, 2015, 2016, 2017 and 2018. The option is fully vested and exercisable.

Footnote 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.

Footnote 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.

SEC remarks

Because there are more than 30 rows associated with the reporting person's transactions that occurred on March 27, 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.