Leslie J. Rechan - May 31, 2024 Form 4 Insider Report for MICROSTRATEGY Inc (MSTR)

Role
Director
Signature
/s/ Joseph Phillips, Attorney-in-Fact
Stock symbol
MSTR
Transactions as of
May 31, 2024
Transactions value $
$0
Form type
4
Date filed
6/4/2024, 05:18 PM
Previous filing
Jun 2, 2023
Next filing
Nov 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSTR Class A Common Stock Options Exercise +497 497 May 31, 2024 Direct F1
holding MSTR Class A Common Stock 2K May 31, 2024 By Meredithe Rechan 2021 FamilyTrust F2

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 Restricted Stock Units Options Exercise $0 -497 -100% $0.00* 0 May 31, 2024 Class A Common Stock 497 Direct F1, F3, F4
transaction MSTR Director Stock Option (Right to buy) Award $0 +139 $0.00 139 May 31, 2024 Class A Common Stock 139 $1,524.49 Direct F4, F5, F6
transaction MSTR Restricted Stock Units Award $0 +98 $0.00 98 May 31, 2024 Class A Common Stock 98 Direct F1, F4, F5, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of MicroStrategy class A common stock.
F2 Shares are held directly by a family trust, of which Mr. Rechan and five of his children are beneficiaries and for which Mr. Rechan and two of his children serve as trustees.
F3 The 497 restricted stock units vested in full on May 31, 2024.
F4 See Exhibit A.
F5 These grants were made pursuant to the MicroStrategy Incorporated 2023 Equity Incentive Plan ("2023 Plan"), which provides for the annual automatic grant of equity awards with an aggregate fair value of $300,000 (split evenly between RSUs and options) to each non-employee director on May 31 of each year, beginning in 2023. The 2023 Plan was approved by the stockholders of MicroStrategy Incorporated at the 2023 annual meeting.
F6 This option is scheduled to vest as to 139 shares on the first anniversary of the grant date.
F7 These restricted stock units are scheduled to vest as to 98 shares on the first anniversary of the grant date.