Le Phong - 17 Mar 2026 Form 4 Insider Report for Strategy Inc (MSTR)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
19 Mar 2026, 17:39:48 UTC
Prior SEC filing
13 Mar 2026
Next SEC filing
23 Mar 2026
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Allein Sabel, Attorney-in-Fact

Key filing fact

Le Phong filed Form 4 for Strategy Inc (MSTR) on 19 Mar 2026.

Key facts

  • This page summarizes Le Phong's Form 4 filing for Strategy Inc (MSTR).
  • 3 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 19 Mar 2026, 17:39.

Change

  • Previous filing in this sequence was filed on 13 Mar 2026.
  • 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 0001651669 Primary reporting owner

Le Phong

Relationship
President & CEO, Director
Address
C/O STRATEGY INC, 1850 TOWERS CRESCENT PLAZA, TYSONS CORNER
Signature
/s/ Allein Sabel, Attorney-in-Fact
Signature date
19 Mar 2026

Reported non-derivative transactions

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

MSTR holding

Series A Perpetual Strife Preferred Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
6,000
Date
17 Mar 2026
Ownership
Direct
MSTR holding

Series A Perpetual Stretch Preferred Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
5,500
Date
17 Mar 2026
Ownership
Direct
MSTR holding

Series A Perpetual Stretch Preferred Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
71
Date
17 Mar 2026
Ownership
By Minor Child 1
MSTR holding

Series A Perpetual Stretch Preferred Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
32
Date
17 Mar 2026
Ownership
By Minor Child 2
MSTR holding

Series A Perpetual Stretch Preferred Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
28
Date
17 Mar 2026
Ownership
By Minor Child 3
MSTR holding

Series A Perpetual Stride Preferred Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
4,500
Date
17 Mar 2026
Ownership
Direct
MSTR holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
18,902
Date
17 Mar 2026
Ownership
Direct

Reported derivative securities

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

MSTR transaction Derivative

Employee Stock Option (Right to buy)

Award

Transaction value
Shares
+26,105
Change %
Price
$0.000000*
Shares after
26,105
Date
17 Mar 2026
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
26,105
Exercise price
$150.28
Footnotes
F1
MSTR transaction Derivative

Restricted Stock Units

Award

Transaction value
Shares
+36,595
Change %
Price
$0.000000*
Shares after
36,595
Date
17 Mar 2026
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
36,595
Exercise price
Footnotes
F2, F3
MSTR transaction Derivative

Performance Stock Units

Award

Transaction value
Shares
+20,911
Change %
Price
$0.000000*
Shares after
20,911
Date
17 Mar 2026
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
20,911
Exercise price
Footnotes
F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote 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.

Footnote F2

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

Footnote F3

25 percent of these RSUs vest on the first anniversary of the grant date, and an additional 25 percent of the original number of RSUs vest on each anniversary thereafter until the RSUs are vested in full.

Footnote F4

Each performance stock unit ("PSU") represents a contingent right to receive shares of Strategy class A common stock of between 0% and 200% of the target number of units, with the percentage determined based on Strategy's relative total shareholder return ("TSR") as compared to the TSR of members of the Nasdaq Composite Index over a three-year performance period (March 17, 2026 to March 16, 2029). Vesting is subject to certification by Strategy'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.

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