Leslie J. Rechan - May 31, 2023 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, 2023
Transactions value $
$0
Form type
4
Date filed
6/2/2023, 04:17 PM
Previous filing
Jun 2, 2022
Next filing
Jun 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MSTR Class A Common Stock 2K May 31, 2023 By Meredithe Rechan 2021 Family Trust F1

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 Director Stock Option (Right to buy) Award $0 +761 $0.00 761 May 31, 2023 Class A Common Stock 761 $301.63 Direct F2, F3, F4
transaction MSTR Restricted Stock Units Award $0 +497 $0.00 497 May 31, 2023 Class A Common Stock 497 Direct F2, F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 This option is scheduled to vest as to 761 shares on the first anniversary of the grant date.
F4 See Exhibit A.
F5 Each restricted stock unit represents a contingent right to receive one share of MicroStrategy class A common stock.
F6 These restricted stock units are scheduled to vest as to 497 shares on the first anniversary of the grant date.