Le Phong - 11 Mar 2026 Form 4 Insider Report for Strategy Inc (MSTR)

Role
President & CEO, Director
Signature
/s/ Allein Sabel, Attorney-in-Fact
Issuer symbol
MSTR
Transactions as of
11 Mar 2026
Net transactions value
-$279,175
Form type
4
Filing time
13 Mar 2026, 16:05:03 UTC
Previous filing
09 Jan 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Le Phong President & CEO, Director C/O STRATEGY INC, 1850 TOWERS CRESCENT PLAZA, TYSONS CORNER /s/ Allein Sabel, Attorney-in-Fact 13 Mar 2026 0001651669

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSTR Class A Common Stock Options Exercise +4,473 +27% 20,936 11 Mar 2026 Direct F1, F2
transaction MSTR Class A Common Stock Sale $279,175 -2,034 -9.7% $137.25 18,902 12 Mar 2026 Direct F3
holding MSTR Series A Perpetual Strife Preferred Stock 6,000 11 Mar 2026 Direct
holding MSTR Series A Perpetual Stretch Preferred Stock 5,500 11 Mar 2026 Direct
holding MSTR Series A Perpetual Stretch Preferred Stock 71 11 Mar 2026 By Minor Child 1
holding MSTR Series A Perpetual Stretch Preferred Stock 32 11 Mar 2026 By Minor Child 2
holding MSTR Series A Perpetual Stretch Preferred Stock 28 11 Mar 2026 By Minor Child 3
holding MSTR Series A Perpetual Stride Preferred Stock 4,500 11 Mar 2026 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 -4,473 -25% $0.000000* 13,419 11 Mar 2026 Class A Common Stock 4,473 Direct F1, F4
* 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 ("RSU") represents a contingent right to receive one share of class A common stock of Strategy Inc ("Strategy").
F2 Includes 73 shares acquired under Strategy's Employee Stock Purchase Plan on February 27, 2026.
F3 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.
F4 The remaining 13,419 RSUs will vest in equal annual installments over a three-year period, with 4,473 RSUs vesting on March 11, 2027, 4,473 RSUs vesting on March 11, 2028 and 4,473 RSUs vesting on March 11, 2029.