Thomas C. Chow - 05 Dec 2025 Form 4 Insider Report for Strategy Inc (MSTR)

Role: EVP & General Counsel
Signature: /s/ Allein Sabel, Attorney-in-Fact
Issuer symbol: MSTR
Transactions as of: 05 Dec 2025
Net transactions value: $0
Form type: 4
Filing time: 09 Dec 2025, 16:30:03 UTC
Previous filing: 02 Dec 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Chow Thomas C.	EVP & General Counsel	C/O STRATEGY INC, 1850 TOWERS CRESCENT PLAZA, TYSONS CORNER	/s/ Allein Sabel, Attorney-in-Fact	09 Dec 2025	0001834012

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)	Award	$0	+9,843		$0.000000	9,843	05 Dec 2025	Class A Common Stock	9,843	$178.99	Direct	F1
transaction	MSTR	Restricted Stock Units	Award	$0	+11,772		$0.000000	11,772	05 Dec 2025	Class A Common Stock	11,772		Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	25 percent of the shares subject to this option vest on the first anniversary of the grant date, and an additional 25 percent of the shares originally subject to this option vest on each anniversary thereafter until the option is vested in full.
F2	Each restricted stock unit ("RSU") represents a contingent right to receive one share of Strategy Inc class A common stock.
F3	25 percent of these RSUs vest on the first anniversary of the grant date, and an additional 25 percent of the original number of RSUs vest on each anniversary thereafter until the RSUs are vested in full.