Wei-Ming Shao - 07 Oct 2025 Form 4 Insider Report for Strategy Inc (MSTR)

Signature
/s/ Allein Sabel, Attorney-in-Fact
Issuer symbol
MSTR
Transactions as of
07 Oct 2025
Net transactions value
-$9,507,228
Form type
4
Filing time
09 Oct 2025, 16:30:06 UTC
Previous filing
22 Sep 2025
Next filing
12 Nov 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Shao Wei-Ming EVP & General Counsel C/O STRATEGY INC, 1850 TOWERS CRESCENT PLAZA, TYSONS CORNER /s/ Allein Sabel, Attorney-in-Fact 09 Oct 2025 0001663488

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSTR Class A Common Stock Options Exercise $1,213,800 +30,000 +236% $40.46 42,726 07 Oct 2025 Direct
transaction MSTR Class A Common Stock Sale $2,206,804 -6,198 -15% $356.05 36,528 07 Oct 2025 Direct F1
transaction MSTR Class A Common Stock Sale $3,687,817 -10,326 -28% $357.14 26,202 07 Oct 2025 Direct F2
transaction MSTR Class A Common Stock Sale $4,181,966 -11,680 -45% $358.04 14,522 07 Oct 2025 Direct F3
transaction MSTR Class A Common Stock Sale $644,441 -1,796 -12% $358.82 12,726 07 Oct 2025 Direct F4
holding MSTR Series A Perpetual Strife Preferred Stock 500 07 Oct 2025 Direct
holding MSTR Series A Perpetual Stretch Preferred Stock 15,000 07 Oct 2025 Direct
holding MSTR Series A Perpetual Stride Preferred Stock 3,527 07 Oct 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 Employee Stock Option (Right to buy) Options Exercise $0 -30,000 -23% $0.000000 99,100 07 Oct 2025 Class A Common Stock 30,000 $40.46 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $355.48 to $356.47, inclusive. The reporting person undertakes to provide to Strategy Inc ("Strategy"), any security holder of Strategy, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each price within the ranges set forth in this footnote.
F2 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $356.63 to $357.625, 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 purchased at each price within the ranges 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 $357.64 to $358.60, 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 purchased at each price within the ranges 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 $358.68 to $359.20, 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 purchased at each price within the ranges set forth in this footnote.
F5 Of the 30,000 shares exercised on October 7, 2025 pursuant to this option, 29,100 shares vested on February 17, 2024 and 900 shares vested on February 17, 2025. Of the remaining 99,100 shares subject to this option, 49,100 shares vested on February 17, 2025 and 50,000 shares are scheduled to vest on February 17, 2026.