Jarrod M. Patten - 24 Jul 2026 Form 4 Insider Report for Strategy Inc (MSTR)

Reporting relationship: Director
Issuer ticker: MSTR
Reported as of: 24 Jul 2026
Net transaction value: -$372,323
SEC form: 4
Accepted by SEC: 28 Jul 2026, 16:30:04 UTC
Prior SEC filing: 23 Jul 2026
Source filing: View source filing
Reporting owner signature: /s/ Allein Sabel, Attorney-in-Fact

Key filing fact

Jarrod M. Patten filed Form 4 for Strategy Inc (MSTR) on 28 Jul 2026.

Key facts

This page summarizes Jarrod M. Patten's Form 4 filing for Strategy Inc (MSTR).
6 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 28 Jul 2026, 16:30.

Change

Previous filing in this sequence was filed on 23 Jul 2026.
Current net transaction value: -$372,323.

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 0001309191 Primary reporting owner

Patten Jarrod M

Relationship: Director
Address: C/O STRATEGY INC, 1850 TOWERS CRESCENT PLAZA, TYSONS CORNER
Signature: /s/ Allein Sabel, Attorney-in-Fact
Signature date: 28 Jul 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: +1,950
Change %: +6.9%
Price: $18.24^*
Shares after: 30,356
Date: 24 Jul 2026
Ownership: Direct

MSTR transaction

Class A Common Stock

Sale

Transaction value: $180,287
Shares: -1,950
Change %: -6.4%
Price: $92.46
Shares after: 28,406
Date: 24 Jul 2026
Ownership: Direct

MSTR transaction

Class A Common Stock

Options Exercise

Transaction value
Shares: +1,950
Change %: +6.9%
Price: $18.24^*
Shares after: 30,356
Date: 27 Jul 2026
Ownership: Direct

MSTR transaction

Class A Common Stock

Sale

Transaction value: $192,036
Shares: -1,950
Change %: -6.4%
Price: $98.48
Shares after: 28,406
Date: 27 Jul 2026
Ownership: Direct

MSTR holding

Series A Perpetual Strife Preferred Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 10,000
Date: 24 Jul 2026
Ownership: Direct

MSTR holding

Series A Perpetual Stretch Preferred Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 29,335
Date: 24 Jul 2026
Ownership: Direct

MSTR holding

Series A Perpetual Stride Preferred Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 5,000
Date: 24 Jul 2026
Ownership: Direct

Reported derivative securities

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

MSTR transaction Derivative

Director Stock Option (Right to buy)

Options Exercise

Transaction value
Shares: -1,950
Change %: -4.9%
Price: $0.000000^*
Shares after: 38,050
Date: 24 Jul 2026
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 1,950
Exercise price: $18.24
Footnotes: F1

MSTR transaction Derivative

Director Stock Option (Right to buy)

Options Exercise

Transaction value
Shares: -1,950
Change %: -5.1%
Price: $0.000000^*
Shares after: 36,100
Date: 27 Jul 2026
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 1,950
Exercise price: $18.24
Footnotes: F2

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

The 1,950 shares exercised on July 24, 2026 pursuant to this option vested on May 31, 2018. Of the remaining 38,050 shares pursuant to this option, 550 shares vested on May 31, 2018, 12,500 shares vested on May 31, 2019, 12,500 shares vested on May 31, 2020, and 12,500 shares vested on May 31, 2021.

Footnote F2

Of the 1,950 shares exercised on July 27, 2026 pursuant to this option, 550 shares vested on May 31, 2018 and 1,400 shares vested on May 31, 2019. Of the remaining 36,100 shares subject to this option, 11,100 shares vested on May 31, 2019, 12,500 shares vested on May 31, 2020, and 12,500 shares vested on May 31, 2021.