Kevin Adkisson - Jun 5, 2023 Form 4 Insider Report for MICROSTRATEGY Inc (MSTR)

Role
SEVP & CRO
Signature
/s/ Joseph Phillips, Attorney-in-Fact
Stock symbol
MSTR
Transactions as of
Jun 5, 2023
Transactions value $
$0
Form type
4
Date filed
6/7/2023, 04:04 PM
Previous filing
Nov 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MSTR Class A Common Stock 259 Jun 5, 2023 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) Award $0 +1.98K $0.00 1.98K Jun 5, 2023 Class A Common Stock 1.98K $276.36 Direct F1, F2
transaction MSTR Restricted Stock Units Award $0 +681 $0.00 681 Jun 5, 2023 Class A Common Stock 681 Direct F2, F3, F4
transaction MSTR Performance Stock Units Award $0 +1.36K $0.00 1.36K Jun 5, 2023 Class A Common Stock 1.36K Direct F2, F5
* 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 See Exhibit A.
F3 Each restricted stock unit represents a contingent right to receive one share of MicroStrategy class A common stock.
F4 25 percent of these restricted stock units vest on the first anniversary of the grant date, and an additional 25 percent of the original number of restricted stock units vest on each anniversary thereafter until the restricted stock units are vested in full.
F5 Each PSU represents a contingent right to receive shares of MicroStrategy class A common stock of between 0% and 200% of the target number of units, with the percentage determined based on MicroStrategy's relative total shareholder return (TSR) as compared to the TSR of members of the Nasdaq Composite Index over a three-year performance period (June 1, 2023 to May 31, 2026). Vesting is subject to certification by MicroStrategy's Compensation Committee of the level of achievement of the performance goal and the participant's continued service through that date. The "target" number of PSUs is reported on this Form 4.