SAYLOR MICHAEL J - 09 Apr 2024 Form 4 Insider Report for MICROSTRATEGY Inc (MSTR)

Signature
/s/ Joseph Phillips, Attorney-in-Fact
Issuer symbol
MSTR
Transactions as of
09 Apr 2024
Net transactions value
-$5,042,690
Form type
4
Filing time
10 Apr 2024, 16:07:13 UTC
Previous filing
09 Apr 2024
Next filing
11 Apr 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSTR Class A Common Stock Options Exercise $607,150 +5,000 $121.43* 5,000 09 Apr 2024 Direct F1
transaction MSTR Class A Common Stock Sale $275,972 -200 -4% $1379.86 4,800 09 Apr 2024 Direct F1, F2
transaction MSTR Class A Common Stock Sale $277,574 -200 -4.2% $1387.87 4,600 09 Apr 2024 Direct F1
transaction MSTR Class A Common Stock Sale $139,024 -100 -2.2% $1390.24 4,500 09 Apr 2024 Direct F1
transaction MSTR Class A Common Stock Sale $139,269 -100 -2.2% $1392.69 4,400 09 Apr 2024 Direct F1
transaction MSTR Class A Common Stock Sale $139,468 -100 -2.3% $1394.68 4,300 09 Apr 2024 Direct F1
transaction MSTR Class A Common Stock Sale $139,553 -100 -2.3% $1395.53 4,200 09 Apr 2024 Direct F1
transaction MSTR Class A Common Stock Sale $279,372 -200 -4.8% $1396.86 4,000 09 Apr 2024 Direct F1, F3
transaction MSTR Class A Common Stock Sale $279,694 -200 -5% $1398.47 3,800 09 Apr 2024 Direct F1, F4
transaction MSTR Class A Common Stock Sale $139,970 -100 -2.6% $1399.70 3,700 09 Apr 2024 Direct F1
transaction MSTR Class A Common Stock Sale $183,416 -131 -3.5% $1400.12 3,569 09 Apr 2024 Direct F1, F5
transaction MSTR Class A Common Stock Sale $260,938 -186 -5.2% $1402.89 3,383 09 Apr 2024 Direct F1, F6
transaction MSTR Class A Common Stock Sale $280,984 -200 -5.9% $1404.92 3,183 09 Apr 2024 Direct F1, F7
transaction MSTR Class A Common Stock Sale $140,930 -100 -3.1% $1409.30 3,083 09 Apr 2024 Direct F1
transaction MSTR Class A Common Stock Sale $141,053 -100 -3.2% $1410.53 2,983 09 Apr 2024 Direct F1
transaction MSTR Class A Common Stock Sale $67,776 -48 -1.6% $1412.00 2,935 09 Apr 2024 Direct F1
transaction MSTR Class A Common Stock Sale $193,834 -137 -4.7% $1414.85 2,798 09 Apr 2024 Direct F1, F8
transaction MSTR Class A Common Stock Sale $283,530 -200 -7.1% $1417.65 2,598 09 Apr 2024 Direct F1, F9
transaction MSTR Class A Common Stock Sale $310,630 -219 -8.4% $1418.40 2,379 09 Apr 2024 Direct F1, F10
transaction MSTR Class A Common Stock Sale $142,000 -100 -4.2% $1420.00 2,279 09 Apr 2024 Direct F1
transaction MSTR Class A Common Stock Sale $166,347 -117 -5.1% $1421.77 2,162 09 Apr 2024 Direct F1, F11
transaction MSTR Class A Common Stock Sale $142,277 -100 -4.6% $1422.77 2,062 09 Apr 2024 Direct F1
transaction MSTR Class A Common Stock Sale $284,998 -200 -9.7% $1424.99 1,862 09 Apr 2024 Direct F1
transaction MSTR Class A Common Stock Sale $142,575 -100 -5.4% $1425.75 1,762 09 Apr 2024 Direct F1
transaction MSTR Class A Common Stock Sale $142,800 -100 -5.7% $1428.00 1,662 09 Apr 2024 Direct F1
transaction MSTR Class A Common Stock Sale $164,348 -115 -6.9% $1429.11 1,547 09 Apr 2024 Direct F1, F12
transaction MSTR Class A Common Stock Sale $572,180 -400 -26% $1430.45 1,147 09 Apr 2024 Direct F1, F13
transaction MSTR Class A Common Stock Sale $143,237 -100 -8.7% $1432.37 1,047 09 Apr 2024 Direct F1
transaction MSTR Class A Common Stock Sale $47,362 -33 -3.2% $1435.20 1,014 09 Apr 2024 Direct F1, F14
transaction MSTR Class A Common Stock Sale $28,730 -20 -2% $1436.51 994 09 Apr 2024 Direct F1

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 -5,000 -7.7% $0.000000 60,000 09 Apr 2024 Class A Common Stock 5,000 $121.43 Direct F15
holding MSTR Class B Common Stock 1,961,668 09 Apr 2024 Class A Common Stock 1,961,668 Shares owned by LLC F16, F17
* 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 $1,379.73 to $1,379.99, 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.
F3 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,396.74 to $1,396.98, 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 $1,398.00 to $1,398.94, 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.
F5 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,400.00 to $1,400.52, 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.
F6 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,402.83 to $1,402.97, 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.
F7 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,404.91 to $1,404.92, 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.
F8 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,414.33 to $1,414.97, 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.
F9 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,417.30 to $1,417.99, 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.
F10 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,418.00 to $1,418.91, 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 $1,421.23 to $1,421.86, 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 $1,429.03 to $1,429.61, 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.
F13 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,430.00 to $1,430.99, 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.
F14 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,435.04 to $1,435.41, 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 option vested in four equal installments on April 30, 2015, 2016, 2017 and 2018. The option is fully vested and exercisable.
F16 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.
F17 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 April 9, 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.