Le Phong - 24 Mar 2025 Form 4 Insider Report for MICROSTRATEGY Inc (MSTR)

Role
President & CEO, Director
Signature
/s/ Allein Sabel, Attorney-in-Fact
Issuer symbol
MSTR
Transactions as of
24 Mar 2025
Net transactions value
-$1,080,313
Form type
4
Filing time
26 Mar 2025, 16:12:45 UTC
Previous filing
24 Mar 2025
Next filing
15 Apr 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSTR Class A Common Stock Options Exercise +7,320 +52% 21,446 24 Mar 2025 Direct F1
transaction MSTR Class A Common Stock Sale $744,379 -2,262 -11% $329.08 19,184 24 Mar 2025 Direct F2, F3
transaction MSTR Class A Common Stock Sale $335,934 -1,019 -5.3% $329.67 18,165 24 Mar 2025 Direct F2, F4
holding MSTR Series A Perpetual Strife Preferred Stock 6,000 24 Mar 2025 Direct

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 -7,320 -25% $0.000000 21,960 24 Mar 2025 Class A Common Stock 7,320 Direct F1, F5
* 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 Each restricted stock unit represents a contingent right to receive one share of class A common stock of MicroStrategy Incorporated d/b/a Strategy ("Strategy").
F2 The sale was effected pursuant to a Rule 10b5-1 instruction letter entered into on May 7, 2024 to satisfy the Reporting Person's tax withholding obligation upon the vesting of previously granted equity awards.
F3 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $328.43 to $329.42, inclusive. The reporting person undertakes to provide to Strategy, any security holder of Strategy, 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 $329.44 to $330.41, inclusive. The reporting person undertakes to provide to Strategy, any security holder of Strategy, 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 remaining 21,960 restricted stock units will vest in equal annual installments over a three-year period, with 7,320 restricted stock units vesting on March 21, 2026, 7,320 restricted stock units vesting on March 21, 2027, and 7,320 restricted stock units vesting on March 21, 2028.