Jarrod M. Patten - Aug 3, 2023 Form 4 Insider Report for MICROSTRATEGY Inc (MSTR)

Role
Director
Signature
/s/ Joseph Phillips, Attorney-in-Fact
Stock symbol
MSTR
Transactions as of
Aug 3, 2023
Transactions value $
-$404,280
Form type
4
Date filed
8/7/2023, 04:02 PM
Previous filing
Jun 2, 2023
Next filing
Aug 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSTR Class A Common Stock Options Exercise $60.7K +500 $121.43 500 Aug 3, 2023 Direct
transaction MSTR Class A Common Stock Sale -$197K -500 -100% $393.11 0 Aug 3, 2023 Direct
transaction MSTR Class A Common Stock Options Exercise $121K +1K $121.43 1K Aug 4, 2023 Direct
transaction MSTR Class A Common Stock Sale -$390K -1K -100% $389.87 0 Aug 4, 2023 Direct 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) Options Exercise $0 -500 -2.08% $0.00 23.5K Aug 3, 2023 Class A Common Stock 500 $121.43 Direct F2, F3
transaction MSTR Director Stock Option (Right to buy) Options Exercise $0 -1K -4.26% $0.00 22.5K Aug 4, 2023 Class A Common Stock 1K $121.43 Direct F3, F4
* 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 $389.34 to $390.18, inclusive. The reporting person undertakes to provide to MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.
F2 The 500 shares exercised on August 3, 2023 pursuant to this option vested on April 30, 2016. Of the remaining 23,500 shares subject to this option, 6,000 shares vested on April 30, 2016, 8,750 shares vested on April 30, 2017, and 8,750 shares vested on April 30, 2018.
F3 See Exhibit A.
F4 The 1,000 shares exercised on August 4, 2023 pursuant to this option vested on April 30, 2016. Of the remaining 22,500 shares subject to this option, 5,000 shares vested on April 30, 2016, 8,750 shares vested on April 30, 2017, and 8,750 shares vested on April 30, 2018.