Timothy Edwin Lang - 09 Feb 2023 Form 4 Insider Report for MICROSTRATEGY Inc (MSTR)

Reporting relationship: SEVP & CTO
Issuer ticker: MSTR
Reported as of: 09 Feb 2023
Net transaction value: -$3,280,035
SEC form: 4
Accepted by SEC: 10 Feb 2023, 15:38:40 UTC
Prior SEC filing: 14 Nov 2022
Source filing: View source filing
Reporting owner signature: /s/ Joseph Phillips, Attorney-in-Fact

Key filing fact

Timothy Edwin Lang filed Form 4 for MICROSTRATEGY Inc (MSTR) on 10 Feb 2023.

Key facts

This page summarizes Timothy Edwin Lang's Form 4 filing for MICROSTRATEGY Inc (MSTR).
19 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 10 Feb 2023, 15:38.

Change

Previous filing in this sequence was filed on 14 Nov 2022.
Current net transaction value: -$3,280,035.

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

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: $1,891,600
Shares: +10,000
Change %: +347%
Price: $189.16
Shares after: 12,882
Date: 09 Feb 2023
Ownership: Direct

MSTR transaction

Class A Common Stock

Options Exercise

Transaction value: $1,315,300
Shares: +10,000
Change %: +78%
Price: $131.53
Shares after: 22,882
Date: 09 Feb 2023
Ownership: Direct

MSTR transaction

Class A Common Stock

Options Exercise

Transaction value: $1,516,000
Shares: +10,000
Change %: +44%
Price: $151.60
Shares after: 32,882
Date: 09 Feb 2023
Ownership: Direct

MSTR transaction

Class A Common Stock

Sale

Transaction value: $1,039,520
Shares: -4,000
Change %: -12%
Price: $259.88
Shares after: 28,882
Date: 09 Feb 2023
Ownership: Direct
Footnotes: F1

MSTR transaction

Class A Common Stock

Sale

Transaction value: $1,361,531
Shares: -5,213
Change %: -18%
Price: $261.18
Shares after: 23,669
Date: 09 Feb 2023
Ownership: Direct
Footnotes: F2

MSTR transaction

Class A Common Stock

Sale

Transaction value: $1,031,927
Shares: -3,937
Change %: -17%
Price: $262.11
Shares after: 19,732
Date: 09 Feb 2023
Ownership: Direct
Footnotes: F3

MSTR transaction

Class A Common Stock

Sale

Transaction value: $197,039
Shares: -749
Change %: -3.8%
Price: $263.07
Shares after: 18,983
Date: 09 Feb 2023
Ownership: Direct
Footnotes: F4

MSTR transaction

Class A Common Stock

Sale

Transaction value: $240,678
Shares: -900
Change %: -4.7%
Price: $267.42
Shares after: 18,083
Date: 09 Feb 2023
Ownership: Direct
Footnotes: F5

MSTR transaction

Class A Common Stock

Sale

Transaction value: $1,692,369
Shares: -6,300
Change %: -35%
Price: $268.63
Shares after: 11,783
Date: 09 Feb 2023
Ownership: Direct
Footnotes: F6

MSTR transaction

Class A Common Stock

Sale

Transaction value: $431,421
Shares: -1,601
Change %: -14%
Price: $269.47
Shares after: 10,182
Date: 09 Feb 2023
Ownership: Direct
Footnotes: F7

MSTR transaction

Class A Common Stock

Sale

Transaction value: $133,559
Shares: -493
Change %: -4.8%
Price: $270.91
Shares after: 9,689
Date: 09 Feb 2023
Ownership: Direct
Footnotes: F8

MSTR transaction

Class A Common Stock

Sale

Transaction value: $110,973
Shares: -407
Change %: -4.2%
Price: $272.66
Shares after: 9,282
Date: 09 Feb 2023
Ownership: Direct
Footnotes: F9

MSTR transaction

Class A Common Stock

Sale

Transaction value: $420,393
Shares: -1,534
Change %: -17%
Price: $274.05
Shares after: 7,748
Date: 09 Feb 2023
Ownership: Direct
Footnotes: F10

MSTR transaction

Class A Common Stock

Sale

Transaction value: $467,908
Shares: -1,700
Change %: -22%
Price: $275.24
Shares after: 6,048
Date: 09 Feb 2023
Ownership: Direct
Footnotes: F11

MSTR transaction

Class A Common Stock

Sale

Transaction value: $570,609
Shares: -2,066
Change %: -34%
Price: $276.19
Shares after: 3,982
Date: 09 Feb 2023
Ownership: Direct
Footnotes: F12

MSTR transaction

Class A Common Stock

Sale

Transaction value: $305,008
Shares: -1,100
Change %: -28%
Price: $277.28
Shares after: 2,882
Date: 09 Feb 2023
Ownership: Direct
Footnotes: F13

Reported derivative securities

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

MSTR transaction Derivative

Employee Stock Option (Right to buy)

Options Exercise

Transaction value: $0
Shares: -10,000
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 09 Feb 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 10,000
Exercise price: $189.16
Footnotes: F14, F15

MSTR transaction Derivative

Employee Stock Option (Right to buy)

Options Exercise

Transaction value: $0
Shares: -10,000
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 09 Feb 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 10,000
Exercise price: $131.53
Footnotes: F15, F16

MSTR transaction Derivative

Employee Stock Option (Right to buy)

Options Exercise

Transaction value: $0
Shares: -10,000
Change %: -67%
Price: $0.000000
Shares after: 5,000
Date: 09 Feb 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 10,000
Exercise price: $151.60
Footnotes: F15, F17

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 17 footnotes

Footnote F1

The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $259.27 to $260.26, 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 ranges set forth in this footnote.

Footnote F2

The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $260.70 to $261.68, 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 ranges set forth in this footnote.

Footnote F3

The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $261.70 to $262.68, 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 ranges set forth in this footnote.

Footnote F4

The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $262.72 to $263.37, 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 ranges set forth in this footnote.

Footnote F5

The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $267.13 to $268.03, 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 ranges set forth in this footnote.

Footnote F6

The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $268.26 to $268.98, 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 ranges set forth in this footnote.

Footnote F7

The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $269.43 to $269.68, 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 ranges set forth in this footnote.

Footnote F8

The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $270.55 to $271.42, 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 ranges set forth in this footnote.

Footnote F9

The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $272.50 to $272.88, 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 ranges set forth in this footnote.

Footnote F10

The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $273.61 to $274.53, 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 ranges set forth in this footnote.

Footnote F11

The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $274.94 to $275.54, 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 ranges set forth in this footnote.

Footnote F12

The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $275.94 to $276.87, 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 ranges set forth in this footnote.

Footnote F13

The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $276.94 to $277.61, 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 ranges set forth in this footnote.

Footnote F14

Of the 10,000 shares exercised on February 9, 2023 pursuant to this option, 2,500 shares vested on March 8, 2020 and 7,500 shares vested on March 8, 2021.

Footnote F15

See Exhibit A.

Footnote F16

The 10,000 shares exercised on February 9, 2023 pursuant to this option vested on February 8, 2022.

Footnote F17

Of the 10,000 shares exercised on February 9, 2023 pursuant to this option, 5,000 shares vested on November 22, 2021 and 5,000 shares vested on November 22, 2022. The remaining 5,000 shares subject to this option are scheduled to vest on November 22, 2023.