Stephen X. Graham - 31 May 2026 Form 4 Insider Report for Strategy Inc (MSTR)

Reporting relationship: Director
Issuer ticker: MSTR
Reported as of: 31 May 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 02 Jun 2026, 17:53:34 UTC
Prior SEC filing: 03 Jun 2025
Source filing: View source filing
Reporting owner signature: /s/ Allein Sabel, Attorney-in-Fact

Key filing fact

Stephen X. Graham filed Form 4 for Strategy Inc (MSTR) on 02 Jun 2026.

Key facts

This page summarizes Stephen X. Graham's Form 4 filing for Strategy Inc (MSTR).
4 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 02 Jun 2026, 17:53.

Change

Previous filing in this sequence was filed on 03 Jun 2025.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001282917 Primary reporting owner

GRAHAM STEPHEN X

Relationship: Director
Address: C/O STRATEGY INC, 1850 TOWERS CRESCENT PLAZA, TYSONS CORNER
Signature: /s/ Allein Sabel, Attorney-in-Fact
Signature date: 02 Jun 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

MSTR transaction

Class A Common Stock

Options Exercise

Transaction value
Shares: +406
Change %: +5.1%
Price
Shares after: 8,356
Date: 31 May 2026
Ownership: Direct
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

MSTR transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares: -406
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 31 May 2026
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 406
Exercise price
Footnotes: F1, F2

MSTR transaction Derivative

Director Stock Option (Right to buy)

Award

Transaction value
Shares: +1,221
Change %
Price: $0.000000^*
Shares after: 1,221
Date: 31 May 2026
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 1,221
Exercise price: $159.09
Footnotes: F3, F4

MSTR transaction Derivative

Restricted Stock Units

Award

Transaction value
Shares: +943
Change %
Price: $0.000000^*
Shares after: 943
Date: 31 May 2026
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 943
Exercise price
Footnotes: F1, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Each restricted stock unit ("RSU") represents a contingent right to receive one share of class A common stock of Strategy Inc ("Strategy").

Footnote F2

The 406 RSUs vested in full on May 31, 2026.

Footnote F3

These grants were made pursuant to the Strategy Inc Equity Incentive Plan, as amended, 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.

Footnote F4

This option is scheduled to vest as to 1,221 shares on the first anniversary of the grant date.

Footnote F5

These RSUs are scheduled to vest as to 943 shares on the first anniversary of the grant date.