MICHAEL J. SAYLOR - 15 Apr 2024 Form 4 Insider Report for MICROSTRATEGY Inc (MSTR)

Signature
/s/ Joseph Phillips, Attorney-in-Fact
Issuer symbol
MSTR
Transactions as of
15 Apr 2024
Net transactions value
-$960,806
Form type
4
Filing time
16 Apr 2024, 16:21:08 UTC
Previous filing
15 Apr 2024
Next filing
17 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 15 Apr 2024 Direct F1
transaction MSTR Class A Common Stock Sale $15,900 -12 -0.24% $1325.00 4,988 15 Apr 2024 Direct F1
transaction MSTR Class A Common Stock Sale $35,817 -27 -0.54% $1326.56 4,961 15 Apr 2024 Direct F1
transaction MSTR Class A Common Stock Sale $14,597 -11 -0.22% $1327.01 4,950 15 Apr 2024 Direct F1
transaction MSTR Class A Common Stock Sale $18,592 -14 -0.28% $1328.00 4,936 15 Apr 2024 Direct F1
transaction MSTR Class A Common Stock Sale $42,551 -32 -0.65% $1329.73 4,904 15 Apr 2024 Direct F1, F2
transaction MSTR Class A Common Stock Sale $75,832 -57 -1.2% $1330.39 4,847 15 Apr 2024 Direct F1, F3
transaction MSTR Class A Common Stock Sale $13,310 -10 -0.21% $1331.03 4,837 15 Apr 2024 Direct F1
transaction MSTR Class A Common Stock Sale $42,676 -32 -0.66% $1333.64 4,805 15 Apr 2024 Direct F1, F4
transaction MSTR Class A Common Stock Sale $14,681 -11 -0.23% $1334.66 4,794 15 Apr 2024 Direct F1
transaction MSTR Class A Common Stock Sale $76,145 -57 -1.2% $1335.88 4,737 15 Apr 2024 Direct F1
transaction MSTR Class A Common Stock Sale $26,830 -20 -0.42% $1341.51 4,717 15 Apr 2024 Direct F1, F5
transaction MSTR Class A Common Stock Sale $103,352 -77 -1.6% $1342.24 4,640 15 Apr 2024 Direct F1, F6
transaction MSTR Class A Common Stock Sale $137,075 -102 -2.2% $1343.87 4,538 15 Apr 2024 Direct F1, F7
transaction MSTR Class A Common Stock Sale $14,805 -11 -0.24% $1345.87 4,527 15 Apr 2024 Direct F1
transaction MSTR Class A Common Stock Sale $13,460 -10 -0.22% $1346.01 4,517 15 Apr 2024 Direct F1
transaction MSTR Class A Common Stock Sale $16,170 -12 -0.27% $1347.51 4,505 15 Apr 2024 Direct F1
transaction MSTR Class A Common Stock Sale $13,480 -10 -0.22% $1348.05 4,495 15 Apr 2024 Direct F1
transaction MSTR Class A Common Stock Sale $144,361 -107 -2.4% $1349.17 4,388 15 Apr 2024 Direct F1, F8
transaction MSTR Class A Common Stock Sale $90,472 -67 -1.5% $1350.33 4,321 15 Apr 2024 Direct F1, F9
transaction MSTR Class A Common Stock Sale $24,321 -18 -0.42% $1351.14 4,303 15 Apr 2024 Direct F1
transaction MSTR Class A Common Stock Sale $41,928 -31 -0.72% $1352.51 4,272 15 Apr 2024 Direct F1, F10
transaction MSTR Class A Common Stock Sale $129,907 -96 -2.2% $1353.20 4,176 15 Apr 2024 Direct F1, F11
transaction MSTR Class A Common Stock Sale $54,188 -40 -0.96% $1354.71 4,136 15 Apr 2024 Direct F1, F12
transaction MSTR Class A Common Stock Sale $70,469 -52 -1.3% $1355.18 4,084 15 Apr 2024 Direct F1, F13
transaction MSTR Class A Common Stock Sale $28,493 -21 -0.51% $1356.83 4,063 15 Apr 2024 Direct F1, F14
transaction MSTR Class A Common Stock Sale $48,867 -36 -0.89% $1357.42 4,027 15 Apr 2024 Direct F1, F15
transaction MSTR Class A Common Stock Sale $88,302 -65 -1.6% $1358.50 3,962 15 Apr 2024 Direct F1, F16
transaction MSTR Class A Common Stock Sale $91,107 -67 -1.7% $1359.81 3,895 15 Apr 2024 Direct F1, F17
transaction MSTR Class A Common Stock Sale $80,264 -59 -1.5% $1360.40 3,836 15 Apr 2024 Direct F1, F18

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 -11% $0.000000 40,000 15 Apr 2024 Class A Common Stock 5,000 $121.43 Direct F19
holding MSTR Class B Common Stock 1,961,668 15 Apr 2024 Class A Common Stock 1,961,668 Shares owned by LLC F20, F21
* 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 $1,329.62 to $1,329.95, 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.
F3 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,330.00 to $1,330.96, 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.
F4 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,333.24 to $1,333.95, 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 $1,341.50 to $1,341.51, 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 $1,342.23 to $1,342.25, 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 $1,343.58 to $1,343.98, 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.
F8 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,349.00 to $1,349.76, 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 $1,350.00 to $1,350.99, 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 $1,352.03 to $1,352.78, 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 $1,353.00 to $1,353.89, 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.
F12 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,354.48 to $1,354.99, 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.
F13 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,355.00 to $1,355.52, 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.
F14 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,356.77 to $1,356.88, 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.
F15 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,357.42 to $1,357.43, 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 $1,358.01 to $1,358.91, 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.
F17 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,359.26 to $1,359.98, 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.
F18 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,360.00 to $1,360.95, 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.
F19 The option vested in four equal installments on April 30, 2015, 2016, 2017 and 2018. The option is fully vested and exercisable.
F20 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.
F21 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 15, 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 and third Form 4 by the reporting person. The three Forms 4 filed by the reporting person on the date hereof should be read together as one consolidated filing.